Vontier Corporation (NYSE:VNT) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in Vontier Corporation (NYSE:VNT - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,944 shares of the company's stock after acquiring an additional 7,743 shares during the period. Sequoia Financial Advisors LLC owned 0.06% of Vontier worth $2,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. increased its position in shares of Vontier by 24.4% in the 1st quarter. Bessemer Group Inc. now owns 784,450 shares of the company's stock valued at $25,770,000 after acquiring an additional 153,882 shares during the period. Wealthquest Corp acquired a new stake in Vontier during the 1st quarter worth about $80,000. Lecap Asset Management Ltd. grew its position in Vontier by 384.5% during the 1st quarter. Lecap Asset Management Ltd. now owns 30,028 shares of the company's stock worth $986,000 after purchasing an additional 23,830 shares during the period. Oppenheimer Asset Management Inc. grew its position in Vontier by 23.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 30,142 shares of the company's stock worth $990,000 after purchasing an additional 5,800 shares during the period. Finally, Blue Trust Inc. grew its position in Vontier by 14.9% during the 1st quarter. Blue Trust Inc. now owns 4,437 shares of the company's stock worth $146,000 after purchasing an additional 574 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore ISI increased their price target on Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Barclays increased their price target on Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, Citigroup cut their price target on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.83.

Insider Activity

In related 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 value of $266,880.96. Following the transaction, the senior vice president now directly owns 88,248 shares of the company's stock, valued at approximately $3,206,932.32. This trade represents a 7.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.97% of the company's stock.

Vontier Price Performance

NYSE:VNT opened at $37.00 on Friday. Vontier Corporation has a 52 week low of $27.22 and a 52 week high of $41.61. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $5.47 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.29 and a beta of 1.31. The stock's 50-day moving average price is $35.04 and its 200-day moving average price is $35.37.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.06. Vontier had a return on equity of 41.99% and a net margin of 12.59%. The firm had revenue of $741.10 million for the quarter, compared to analysts' expectations of $723.06 million. During the same period last year, the firm earned $0.74 EPS. The company's quarterly revenue was down 1.9% on a year-over-year basis. As a group, equities analysts expect that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Thursday, June 5th. Vontier's dividend payout ratio (DPR) is presently 4.07%.

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.

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