Teacher Retirement System of Texas cut its stake in Vontier Corporation (NYSE:VNT - Free Report) by 9.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its stake in shares of Vontier by 12.2% in the 4th quarter. Jones Financial Companies Lllp now owns 5,987 shares of the company's stock worth $218,000 after acquiring an additional 652 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Vontier by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,480,343 shares of the company's stock worth $53,988,000 after acquiring an additional 5,355 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Vontier by 3.7% in the 4th quarter. Victory Capital Management Inc. now owns 46,403 shares of the company's stock worth $1,692,000 after acquiring an additional 1,666 shares in the last quarter. M&T Bank Corp bought a new position in shares of Vontier in the 4th quarter worth about $209,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Vontier in the 4th quarter worth about $508,000. 95.83% of the stock is currently owned by institutional investors.
Vontier Stock Up 0.5%
VNT stock traded up $0.18 during trading on Monday, hitting $38.45. 538,228 shares of the stock traded hands, compared to its average volume of 927,806. Vontier Corporation has a 1 year low of $27.22 and a 1 year high of $41.61. The firm's 50 day moving average is $36.51 and its two-hundred day moving average is $35.39. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. 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 (NYSE:VNT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating 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 company had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. During the same period in the prior year, the firm posted $0.74 EPS. Vontier's revenue for the quarter was down 1.9% on a year-over-year basis. On average, sell-side analysts anticipate that Vontier Corporation will post 3.13 EPS for the current year.
Vontier Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, June 5th. Vontier's payout ratio is presently 4.07%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on VNT. Citigroup reiterated a "buy" rating and issued a $45.00 price target (up from $37.00) on shares of Vontier in a research note on Monday. Evercore ISI increased their price target on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Finally, Barclays increased their price target 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Vontier presently has a consensus rating of "Moderate Buy" and an average price target of $46.33.
Read Our Latest Stock Report on Vontier
Insider Activity
In other news, SVP Kathryn K. Rowen sold 7,344 shares of the firm's 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 sale, the senior vice president owned 88,248 shares of the company's stock, valued at $3,206,932.32. This trade represents a 7.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.97% of the stock is currently owned by insiders.
Vontier Profile
(
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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