Palisade Capital Management LP Has $30.18 Million Position in Vontier Corporation (NYSE:VNT)

Palisade Capital Management LP lowered its holdings in shares of Vontier Corporation (NYSE:VNT - Free Report) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 918,651 shares of the company's stock after selling 12,857 shares during the period. Palisade Capital Management LP owned about 0.62% of Vontier worth $30,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VNT. Bank of New York Mellon Corp raised its position in Vontier by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,506,595 shares of the company's stock worth $54,946,000 after acquiring an additional 30,362 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Vontier by 48.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company's stock worth $888,000 after acquiring an additional 7,909 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Vontier in the fourth quarter worth $508,000. US Bancorp DE grew its holdings in Vontier by 21.7% during the 4th quarter. US Bancorp DE now owns 18,019 shares of the company's stock valued at $657,000 after purchasing an additional 3,216 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Vontier by 12.2% during the 4th quarter. Jones Financial Companies Lllp now owns 5,987 shares of the company's stock valued at $218,000 after purchasing an additional 652 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.

Insider Activity at Vontier

In other Vontier 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 completion of the transaction, the senior vice president directly owned 88,248 shares in the company, 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 filing with the SEC, which is available through this link. 0.97% of the stock is currently owned by insiders.

Analysts Set New Price Targets

VNT has been the subject of several recent analyst reports. Citigroup decreased their price objective 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. Barclays raised their price target on shares of Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, Evercore ISI increased their price objective on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Vontier presently has an average rating of "Moderate Buy" and an average target price of $44.83.

Vontier Price Performance

Vontier stock traded up $0.38 during trading hours on Friday, hitting $38.44. 653,739 shares of the company traded hands, compared to its average volume of 926,053. The firm has a market cap of $5.69 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.34 and a beta of 1.30. 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 firm's 50-day simple moving average is $35.78 and its two-hundred day simple moving average is $35.33. Vontier Corporation has a 1-year low of $27.22 and a 1-year high of $41.61.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $741.10 million for the quarter, compared to analysts' expectations of $723.06 million. Vontier had a net margin of 12.59% and a return on equity of 41.99%. The business's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, analysts forecast 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. Shareholders of record on Thursday, June 5th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, June 5th. Vontier's payout ratio is 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.