Palisade Capital Management LP Sells 12,857 Shares of Vontier Corporation (NYSE:VNT)

Palisade Capital Management LP trimmed its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 918,651 shares of the company's stock after selling 12,857 shares during the quarter. Palisade Capital Management LP owned approximately 0.62% of Vontier worth $30,178,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in Vontier during the 4th quarter valued at approximately $73,000. GAMMA Investing LLC boosted its position in Vontier by 60.1% during the 1st quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock valued at $73,000 after acquiring an additional 829 shares in the last quarter. Wealthquest Corp bought a new stake in Vontier during the 1st quarter valued at approximately $80,000. Farther Finance Advisors LLC lifted its holdings in shares of Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after purchasing an additional 700 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Vontier by 66.8% during the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock valued at $89,000 after purchasing an additional 976 shares during the last quarter. 95.83% of the stock is owned by institutional investors.

Vontier Stock Up 1.0%

Shares of VNT traded up $0.38 on Friday, hitting $38.44. 653,739 shares of the stock traded hands, compared to its average volume of 926,053. The company has a market capitalization of $5.69 billion, a PE ratio of 15.63, a P/E/G ratio of 1.34 and a beta of 1.30. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.20 and a current ratio of 1.62. The business has a 50 day simple moving average of $35.78 and a 200 day simple moving average of $35.35. Vontier Corporation has a one year low of $27.22 and a one year high of $41.61.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.77 EPS 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 business had revenue of $741.10 million during the quarter, compared to the consensus estimate of $723.06 million. During the same quarter in the previous year, the firm posted $0.74 EPS. The firm's revenue was down 1.9% on a year-over-year basis. As a group, equities analysts forecast that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

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

Insider Buying and Selling

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier stock in a transaction that occurred 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 sale, the senior vice president owned 88,248 shares of the company's stock, 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 is accessible through this hyperlink. Company insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Citigroup lowered their target price 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, Evercore ISI lifted their target price on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.