Vontier Corporation (NYSE:VNT) Shares Bought by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. increased its stake in Vontier Corporation by 56.2% during the first quarter, owning approximately 0.06% of the company worth $2.8 million.
• Vontier's most recent earnings report showed an EPS of $0.77, surpassing estimates, although revenue declined 1.9% year-over-year.
• The company announced a quarterly dividend of $0.025 per share, reflecting a 0.25% yield and a low dividend payout ratio of 4.07%.

Foster & Motley Inc. lifted its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 56.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,300 shares of the company's stock after purchasing an additional 30,697 shares during the quarter. Foster & Motley Inc. owned 0.06% of Vontier worth $2,802,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. boosted its position in shares of Vontier by 5.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,323,491 shares of the company's stock valued at $121,208,000 after buying an additional 173,542 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Vontier by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,666,927 shares of the company's stock valued at $97,260,000 after buying an additional 75,775 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Vontier by 0.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,540,329 shares of the company's stock valued at $92,646,000 after buying an additional 20,649 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Vontier by 4.0% during the fourth quarter. Ameriprise Financial Inc. now owns 2,515,579 shares of the company's stock valued at $91,740,000 after buying an additional 96,554 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Vontier during the fourth quarter valued at approximately $64,869,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the business'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 sale, the senior vice president directly owned 88,248 shares in the company, 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 SEC, which can be accessed through this hyperlink. 0.97% of the stock is currently owned by insiders.

Vontier Stock Performance

VNT stock traded down $1.12 during midday trading on Friday, hitting $40.35. The company's stock had a trading volume of 1,911,881 shares, compared to its average volume of 968,750. The stock's 50-day moving average price is $37.44 and its 200 day moving average price is $35.68. The company has a quick ratio of 1.20, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. Vontier Corporation has a 1 year low of $27.22 and a 1 year high of $42.00. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.45 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $773.50 million for the quarter, compared to analyst estimates of $734.23 million. Vontier had a return on equity of 41.96% and a net margin of 12.99%. The business's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. On average, equities analysts forecast that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.2%. Vontier's payout ratio is presently 4.07%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Vontier in a research report on Thursday. Barclays lifted their target price on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Evercore ISI boosted their price objective on Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Citigroup reissued a "buy" rating and issued a $45.00 price objective (up previously from $37.00) on shares of Vontier in a research report on Monday, July 14th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $46.33.

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.