Turtle Creek Asset Management Inc. Lowers Stake in Vontier Co. (NYSE:VNT)

Turtle Creek Asset Management Inc. cut its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,564,237 shares of the company's stock after selling 558,250 shares during the period. Vontier comprises approximately 2.4% of Turtle Creek Asset Management Inc.'s investment portfolio, making the stock its 23rd biggest position. Turtle Creek Asset Management Inc. owned approximately 1.71% of Vontier worth $93,518,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Benjamin Edwards Inc. raised its position in Vontier by 2.2% during the 4th quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company's stock worth $448,000 after purchasing an additional 270 shares during the last quarter. Foundry Partners LLC increased its stake in shares of Vontier by 1.9% in the fourth quarter. Foundry Partners LLC now owns 17,304 shares of the company's stock valued at $631,000 after buying an additional 324 shares during the period. Quadrant Capital Group LLC raised its position in shares of Vontier by 5.0% during the fourth quarter. Quadrant Capital Group LLC now owns 7,049 shares of the company's stock worth $257,000 after acquiring an additional 338 shares during the last quarter. Bailard Inc. lifted its stake in shares of Vontier by 0.6% in the fourth quarter. Bailard Inc. now owns 61,207 shares of the company's stock worth $2,232,000 after acquiring an additional 356 shares during the period. Finally, Global X Japan Co. Ltd. lifted its stake in shares of Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after acquiring an additional 431 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VNT has been the subject of several recent analyst reports. 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 report on Monday, May 5th. Citigroup cut their price objective on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Evercore ISI upped their price objective on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Robert W. Baird raised their target price on Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $44.83.

Vontier Trading Down 1.6%

NYSE VNT traded down $0.57 during trading on Friday, hitting $35.25. The company had a trading volume of 154,126 shares, compared to its average volume of 905,184. Vontier Co. has a one year low of $27.22 and a one year high of $41.61. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29. The company's fifty day moving average is $32.65 and its 200-day moving average is $35.90. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (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 analysts' expectations 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% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS. On average, sell-side analysts predict that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The company also recently declared 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. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, June 5th. Vontier's payout ratio is 4.07%.

Insider Buying and Selling at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the company's stock in a transaction 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.97% of the company's stock.

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.