Mutual of America Capital Management LLC Cuts Stake in Vontier Corporation (NYSE:VNT)

Mutual of America Capital Management LLC trimmed its stake in Vontier Corporation (NYSE:VNT - Free Report) by 12.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,148 shares of the company's stock after selling 21,165 shares during the period. Mutual of America Capital Management LLC owned about 0.10% of Vontier worth $5,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. lifted its position in Vontier by 5.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,323,491 shares of the company's stock valued at $121,208,000 after acquiring an additional 173,542 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Vontier by 2.9% in the 4th 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 in the last quarter. Mackenzie Financial Corp grew its stake in Vontier by 0.8% in the 4th 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 in the last quarter. Ameriprise Financial Inc. grew its position in shares of Vontier by 4.0% during the 4th quarter. Ameriprise Financial Inc. now owns 2,515,579 shares of the company's stock valued at $91,740,000 after purchasing an additional 96,554 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Vontier during the 4th quarter valued at $64,869,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Vontier 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 value of $266,880.96. Following the completion of the transaction, the senior vice president owned 88,248 shares of the company's stock, valued at approximately $3,206,932.32. This trade represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.97% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on VNT. Evercore ISI boosted their price target on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Barclays lifted their price objective on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, Citigroup reaffirmed a "buy" rating and set a $45.00 price objective (up from $37.00) on shares of Vontier in a research report on Monday, July 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.33.

Vontier Price Performance

Shares of VNT stock traded down $0.01 on Friday, hitting $38.44. 853,067 shares of the stock traded hands, compared to its average volume of 937,188. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.34 and a beta of 1.30. Vontier Corporation has a 52 week low of $27.22 and a 52 week high of $40.99. The firm has a 50 day simple moving average of $36.80 and a two-hundred day simple moving average of $35.45. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.62 and a quick ratio of 1.20.

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

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. Vontier's payout ratio is 4.07%.

About Vontier

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.