Skylands Capital LLC Grows Stock Holdings in Vontier Corporation (NYSE:VNT)

Skylands Capital LLC lifted its stake in shares of Vontier Corporation (NYSE:VNT - Free Report) by 153.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,000 shares of the company's stock after purchasing an additional 36,300 shares during the period. Skylands Capital LLC's holdings in Vontier were worth $1,971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of VNT. Lazard Asset Management LLC purchased a new stake in shares of Vontier during the fourth 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 acquiring an additional 829 shares during the last quarter. Wealthquest Corp acquired a new position in Vontier during the first quarter worth about $80,000. Farther Finance Advisors LLC boosted its position in Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after acquiring an additional 700 shares during the last quarter. Finally, Covestor Ltd boosted its position in Vontier by 66.8% during 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. Hedge funds and other institutional investors own 95.83% of the company's stock.

Insider Buying and Selling

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $36.34, for a total transaction of $266,880.96. Following the sale, the senior vice president now directly owns 88,248 shares of the company's stock, valued at $3,206,932.32. This represents a 7.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.97% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VNT shares. Evercore ISI boosted their price target on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Barclays boosted their target price on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, Citigroup decreased their target price on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.83.

Vontier Trading Down 0.8%

Shares of VNT stock traded down $0.30 during trading hours on Friday, hitting $37.00. The company had a trading volume of 1,854,130 shares, compared to its average volume of 919,888. The company's fifty day moving average is $35.04 and its 200 day moving average is $35.37. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.62 and a quick ratio of 1.20. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $41.61. The stock has a market capitalization of $5.47 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.29 and a beta of 1.31.

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

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date was Thursday, June 5th. Vontier's payout ratio is currently 4.07%.

Vontier 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.