Vident Advisory LLC Purchases New Shares in Vontier Co. (NYSE:VNT)

Vident Advisory LLC acquired a new stake in shares of Vontier Co. (NYSE:VNT - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 11,624 shares of the company's stock, valued at approximately $424,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VNT. Allspring Global Investments Holdings LLC lifted its position in Vontier by 2,814.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company's stock valued at $10,164,000 after acquiring an additional 272,166 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Vontier during the fourth quarter valued at approximately $508,000. Wolverine Asset Management LLC purchased a new stake in Vontier during the fourth quarter valued at approximately $2,918,000. Oppenheimer Asset Management Inc. lifted its position in Vontier by 48.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company's stock valued at $888,000 after acquiring an additional 7,909 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Vontier by 14.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 78,201 shares of the company's stock valued at $2,852,000 after acquiring an additional 9,833 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Performance

Shares of NYSE VNT traded down $0.30 during midday trading on Friday, reaching $35.79. The company had a trading volume of 1,014,757 shares, compared to its average volume of 914,204. The business's 50-day simple moving average is $32.86 and its 200 day simple moving average is $35.68. The stock has a market cap of $5.29 billion, a P/E ratio of 13.01, a P/E/G ratio of 1.23 and a beta of 1.29. Vontier Co. has a 1 year low of $27.22 and a 1 year high of $41.61. 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 earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.06. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The firm had revenue of $741.10 million during the quarter, compared to analysts' expectations of $723.06 million. During the same quarter last year, the company posted $0.74 earnings per share. The firm's revenue was down 1.9% compared to the same quarter last year. On average, analysts forecast 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. Investors of record on Thursday, June 5th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.28%. Vontier's dividend payout ratio (DPR) is presently 4.07%.

Insider Buying and Selling

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the firm's stock in a transaction 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 completion of the transaction, the senior vice president now owns 88,248 shares of the company's stock, valued at $3,206,932.32. This trade represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VNT. Evercore ISI increased their target price on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Robert W. Baird increased their target price on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Citigroup decreased their price target on shares of Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Barclays raised their price target on shares of Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $44.83.

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.