Vontier Corporation (NYSE:VNT) Stake Lowered by Marathon Asset Management Ltd

Marathon Asset Management Ltd cut its stake in shares of Vontier Corporation (NYSE:VNT - Free Report) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 313,221 shares of the company's stock after selling 33,887 shares during the quarter. Marathon Asset Management Ltd owned approximately 0.21% of Vontier worth $10,289,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. KPP Advisory Services LLC lifted its position in Vontier by 21.7% in the first quarter. KPP Advisory Services LLC now owns 20,858 shares of the company's stock worth $685,000 after purchasing an additional 3,719 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Vontier by 9.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 85,944 shares of the company's stock valued at $2,823,000 after acquiring an additional 7,743 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Vontier by 24.4% during 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 last quarter. Wealthquest Corp acquired a new stake in shares of Vontier during the 1st quarter valued at $80,000. Finally, Lecap Asset Management Ltd. lifted its position in shares of Vontier by 384.5% during the 1st quarter. Lecap Asset Management Ltd. now owns 30,028 shares of the company's stock valued at $986,000 after acquiring an additional 23,830 shares during the last quarter. 95.83% of the stock is owned by institutional investors.

Insider Activity at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the 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 sale, the senior vice president now owns 88,248 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.97% of the stock is owned by corporate insiders.

Vontier Stock Down 0.8%

NYSE VNT opened at $37.00 on Friday. 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 firm has a 50-day simple moving average of $35.04 and a 200 day simple moving average of $35.40. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $41.61. The stock has a market cap of $5.47 billion, a PE ratio of 15.04, a PEG ratio of 1.30 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $723.06 million. During the same quarter last year, the company earned $0.74 earnings per share. The firm's revenue was down 1.9% on a year-over-year basis. On average, research analysts forecast that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Thursday, June 5th. Vontier's payout ratio is presently 4.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VNT shares. Evercore ISI increased their price objective on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Barclays boosted their target price on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Finally, Citigroup dropped their price target on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Vontier presently has an average rating of "Moderate Buy" and an average target price of $44.83.

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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