Royce & Associates LP Grows Position in Vontier Corporation (NYSE:VNT)

Royce & Associates LP boosted its stake in shares of Vontier Corporation (NYSE:VNT - Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,417,787 shares of the company's stock after purchasing an additional 70,528 shares during the period. Royce & Associates LP owned about 0.96% of Vontier worth $46,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VNT. Olde Wealth Management LLC purchased a new position in Vontier during the first quarter valued at $36,000. Lazard Asset Management LLC purchased a new position in Vontier during the fourth quarter valued at $73,000. GAMMA Investing LLC lifted its position in Vontier by 60.1% during the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock valued at $73,000 after purchasing an additional 829 shares in the last quarter. Wealthquest Corp purchased a new position in Vontier during the first quarter valued at $80,000. Finally, Covestor Ltd lifted its position in Vontier by 66.8% during the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock valued at $89,000 after purchasing an additional 976 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Price Performance

Shares of VNT stock traded down $0.07 during trading hours on Thursday, hitting $39.54. The stock had a trading volume of 135,267 shares, compared to its average volume of 953,497. Vontier Corporation has a one year low of $27.22 and a one year high of $40.99. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.62 and a quick ratio of 1.20. The stock's 50-day moving average price is $36.92 and its two-hundred day moving average price is $35.50. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.36 and a beta of 1.30.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.06. Vontier had a return on equity of 41.99% and a net margin of 12.59%. The firm had revenue of $741.10 million for the quarter, compared to analysts' expectations of $723.06 million. During the same period in the previous year, the firm posted $0.74 earnings per share. The business's revenue was down 1.9% compared to the same quarter last year. Equities analysts forecast that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th were issued a $0.025 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. Vontier's dividend payout ratio (DPR) is 4.07%.

Insiders Place Their Bets

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $36.34, for a total transaction of $266,880.96. Following the sale, the senior vice president directly owned 88,248 shares of the company's stock, valued at $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.97% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VNT. Citigroup reiterated a "buy" rating and set a $45.00 target price (up from $37.00) on shares of Vontier in a research report on Monday, July 14th. Evercore ISI boosted their price objective on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Finally, Barclays boosted their price objective on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.33.

Vontier Company Profile

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.

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