Teacher Retirement System of Texas Decreases Stock Holdings in Vontier Corporation (NYSE:VNT)

Teacher Retirement System of Texas lowered its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,758 shares of the company's stock after selling 7,202 shares during the quarter. Teacher Retirement System of Texas' holdings in Vontier were worth $2,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System lifted its position in Vontier by 4.5% during the first quarter. New York State Teachers Retirement System now owns 175,630 shares of the company's stock valued at $5,769,000 after buying an additional 7,547 shares during the period. Skylands Capital LLC lifted its holdings in shares of Vontier by 153.2% during the first quarter. Skylands Capital LLC now owns 60,000 shares of the company's stock valued at $1,971,000 after purchasing an additional 36,300 shares during the last quarter. KPP Advisory Services LLC lifted its holdings in shares of Vontier by 21.7% during the first quarter. KPP Advisory Services LLC now owns 20,858 shares of the company's stock valued at $685,000 after purchasing an additional 3,719 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Vontier by 9.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 85,944 shares of the company's stock valued at $2,823,000 after buying an additional 7,743 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Vontier by 24.4% during the first quarter. Bessemer Group Inc. now owns 784,450 shares of the company's stock valued at $25,770,000 after buying an additional 153,882 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Citigroup reduced 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. Finally, Barclays increased their price objective on shares of Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Vontier presently has an average rating of "Moderate Buy" and a consensus price target of $44.83.

Vontier Price Performance

VNT traded down $0.36 during trading on Friday, hitting $38.26. 470,273 shares of the company traded hands, compared to its average volume of 926,240. The company has a market cap of $5.66 billion, a PE ratio of 15.55, a P/E/G ratio of 1.34 and a beta of 1.30. The stock's 50-day simple moving average is $36.31 and its two-hundred day simple moving average is $35.39. Vontier Corporation has a 1 year low of $27.22 and a 1 year high of $41.61. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 1.89.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating 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 business had revenue of $741.10 million during the quarter, compared to analysts' expectations of $723.06 million. During the same quarter last year, the business posted $0.74 EPS. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th were paid a $0.025 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. Vontier's payout ratio is currently 4.07%.

Insider Activity at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $36.34, for a total transaction of $266,880.96. Following the completion of the transaction, the senior vice president directly owned 88,248 shares of the company's stock, valued at approximately $3,206,932.32. The trade was a 7.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.97% of the company's stock.

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.