Vontier Corporation (NYSE:VNT) Shares Sold by Marathon Asset Management Ltd

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

Several other large investors also recently modified their holdings of VNT. Bank of New York Mellon Corp boosted its holdings in Vontier by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,506,595 shares of the company's stock valued at $54,946,000 after purchasing an additional 30,362 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Vontier by 19.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 62,163 shares of the company's stock valued at $2,267,000 after buying an additional 9,982 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Vontier by 48.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company's stock worth $888,000 after buying an additional 7,909 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Vontier during the fourth quarter worth approximately $508,000. Finally, US Bancorp DE increased its stake in shares of Vontier by 21.7% in the fourth quarter. US Bancorp DE now owns 18,019 shares of the company's stock worth $657,000 after buying an additional 3,216 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Evercore ISI raised 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. Barclays increased 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, Citigroup lowered their price objective on Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Vontier currently has an average rating of "Moderate Buy" and a consensus price target of $44.83.

Insiders Place Their Bets

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $36.34, for a total transaction 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. The trade was a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.97% of the stock is owned by corporate insiders.

Vontier Stock Performance

Shares of Vontier stock traded up $0.58 during trading hours on Tuesday, reaching $37.48. The company's stock had a trading volume of 1,052,162 shares, compared to its average volume of 921,104. Vontier Corporation has a one year low of $27.22 and a one year high of $41.61. The company's 50 day simple moving average is $35.19 and its 200 day simple moving average is $35.32. 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 stock has a market cap of $5.54 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 1.29 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.06. The firm 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%. Vontier's revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. As a group, analysts expect that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were paid 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 0.27%. Vontier's payout ratio is currently 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.