Turtle Creek Asset Management Inc. Sells 558,250 Shares of Vontier Co. (NYSE:VNT)

Turtle Creek Asset Management Inc. decreased its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 17.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,564,237 shares of the company's stock after selling 558,250 shares during the period. Vontier comprises about 2.4% of Turtle Creek Asset Management Inc.'s holdings, making the stock its 23rd largest holding. Turtle Creek Asset Management Inc. owned about 1.71% of Vontier worth $93,518,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. grew its holdings in shares of 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 acquiring an additional 270 shares during the period. Foundry Partners LLC grew its holdings in shares of Vontier by 1.9% during the 4th quarter. Foundry Partners LLC now owns 17,304 shares of the company's stock worth $631,000 after acquiring an additional 324 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Vontier by 5.0% during the 4th 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 period. Bailard Inc. grew its holdings in shares of Vontier by 0.6% during the 4th 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. grew its holdings in shares of Vontier by 137.7% during the 4th 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. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Stock Performance

Vontier stock opened at $37.07 on Friday. The stock's 50 day moving average is $32.38 and its 200 day moving average is $35.91. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. Vontier Co. has a twelve month low of $27.22 and a twelve month high of $41.61. The company has a market capitalization of $5.48 billion, a P/E ratio of 13.48, a PEG ratio of 1.23 and a beta of 1.29.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results 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 return on equity of 43.22% and a net margin of 14.17%. The business had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. During the same period last year, the business posted $0.74 EPS. The company's revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts predict that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

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

Insider Buying and Selling at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the 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 sale, the senior vice president now directly owns 88,248 shares in the company, valued at approximately $3,206,932.32. This trade represents a 7.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

VNT has been the topic of a number of research analyst reports. Barclays upped 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. Citigroup cut their price target on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird upped their price target on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Vontier presently has an average rating of "Moderate Buy" and a consensus price target of $43.67.

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.

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