SG Americas Securities LLC cut its holdings in Vontier Co. (NYSE:VNT - Free Report) by 37.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,683 shares of the company's stock after selling 27,981 shares during the period. SG Americas Securities LLC's holdings in Vontier were worth $1,566,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of VNT. Lazard Asset Management LLC bought a new stake in shares of Vontier during the 4th quarter worth about $73,000. GAMMA Investing LLC boosted its position in Vontier by 60.1% during the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock worth $73,000 after purchasing an additional 829 shares during the period. Farther Finance Advisors LLC grew its holdings in Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after purchasing an additional 700 shares during the last quarter. Covestor Ltd grew its stake in shares of Vontier by 66.8% in the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock worth $89,000 after acquiring an additional 976 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of Vontier during the 4th quarter worth about $98,000. 95.83% of the stock is owned by institutional investors and hedge funds.
Vontier Stock Up 2.1%
Shares of VNT traded up $0.74 on Monday, reaching $36.24. The company's stock had a trading volume of 637,767 shares, compared to its average volume of 919,199. Vontier Co. has a twelve month low of $27.22 and a twelve month high of $41.61. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The firm has a fifty day moving average of $33.79 and a 200-day moving average of $35.53. The stock has a market capitalization of $5.36 billion, a PE ratio of 13.18, a PEG ratio of 1.23 and a beta of 1.31.
Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.06. The company had revenue of $741.10 million during the quarter, compared to analyst estimates of $723.06 million. Vontier had a net margin of 14.17% and a return on equity of 43.22%. Vontier's revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.74 earnings per share. Equities analysts predict that Vontier Co. will post 3.13 EPS for the current year.
Vontier Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. Vontier's dividend payout ratio is currently 4.07%.
Insider Buying and Selling
In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the company'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 transaction, the senior vice president now owns 88,248 shares in the company, valued at approximately $3,206,932.32. This represents a 7.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.97% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several brokerages have recently commented on VNT. Barclays boosted their target price on Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Evercore ISI upped their target price on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Robert W. Baird raised their target price on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Finally, Citigroup lowered their price objective on shares of Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $44.83.
View Our Latest Report on VNT
About Vontier
(
Free Report)
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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