Allianz Asset Management GmbH Grows Stake in Vontier Corporation (NYSE:VNT)

Key Points

• Allianz Asset Management GmbH increased its stake in Vontier Corporation by 6.6%, acquiring an additional 12,021 shares to reach a total of 193,476 shares, valued at approximately $6.36 million.
• Vontier reported a quarterly EPS of $0.77, surpassing expectations, and had a revenue of $741.10 million, though it represented a 1.9% decline compared to the previous year.
• The company announced a quarterly dividend of $0.025 per share, reflecting a 0.25% dividend yield and a dividend payout ratio of 4.07%.

Allianz Asset Management GmbH boosted its position in Vontier Corporation (NYSE:VNT - Free Report) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,476 shares of the company's stock after buying an additional 12,021 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.13% of Vontier worth $6,356,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in VNT. American Century Companies Inc. raised its stake in shares of Vontier by 1.1% during the fourth quarter. American Century Companies Inc. now owns 39,342 shares of the company's stock worth $1,435,000 after buying an additional 447 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Vontier by 17.2% in the 4th quarter. Sei Investments Co. now owns 238,606 shares of the company's stock valued at $8,702,000 after purchasing an additional 34,996 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Vontier during the 4th quarter worth approximately $1,145,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Vontier by 147.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,369 shares of the company's stock valued at $378,000 after acquiring an additional 6,177 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co bought a new stake in Vontier during the 4th quarter valued at $399,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Up 4.8%

NYSE VNT traded up $1.92 during trading hours on Thursday, hitting $41.66. 876,606 shares of the company were exchanged, compared to its average volume of 960,480. Vontier Corporation has a 52-week low of $27.22 and a 52-week high of $42.00. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.39 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 company has a 50 day moving average of $37.22 and a two-hundred day moving average of $35.61.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. Vontier had a return on equity of 41.99% and a net margin of 12.59%. During the same quarter in the prior year, the business earned $0.63 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Thursday, June 5th. Vontier's payout ratio is 4.07%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup reiterated a "buy" rating and set a $45.00 price target (up from $37.00) on shares of Vontier in a research report on Monday, July 14th. Barclays increased their price target on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, Evercore ISI increased their price target on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Vontier presently has an average rating of "Moderate Buy" and an average target price of $46.33.

Insider Activity at Vontier

In other 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 transaction 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 represents a 7.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.97% of the stock is currently owned by corporate insiders.

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.