Wolverine Asset Management LLC Sells 25,000 Shares of Vontier Corporation (NYSE:VNT)

Key Points

• Wolverine Asset Management LLC reduced its stake in Vontier Corporation by 31.3%, selling 25,000 shares and now holding a total of 55,000 shares valued at approximately $1.8 million.
• Vontier reported $0.79 earnings per share for the latest quarter, exceeding estimates, with a year-over-year revenue growth of 11.1% to $773.5 million.
• The company recently announced a quarterly dividend of $0.025 per share, reflecting an annualized yield of 0.2%, with a payout ratio of 3.80%.

Wolverine Asset Management LLC reduced its stake in shares of Vontier Corporation (NYSE:VNT - Free Report) by 31.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,000 shares of the company's stock after selling 25,000 shares during the quarter. Wolverine Asset Management LLC's holdings in Vontier were worth $1,807,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Olde Wealth Management LLC acquired a new stake in shares of Vontier during the 1st quarter worth $36,000. Lazard Asset Management LLC acquired a new stake in Vontier in the fourth quarter valued at about $73,000. GAMMA Investing LLC boosted its stake in Vontier by 60.1% in the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock valued at $73,000 after buying an additional 829 shares in the last quarter. Wealthquest Corp acquired a new position in Vontier in the 1st quarter valued at approximately $80,000. Finally, Covestor Ltd lifted its stake in shares of Vontier by 66.8% in the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock worth $89,000 after acquiring an additional 976 shares during the period. Institutional investors own 95.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VNT shares. UBS Group lifted their target price on Vontier from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Citigroup reiterated a "buy" rating and set a $45.00 price target (up previously from $37.00) on shares of Vontier in a report on Monday, July 14th. Evercore ISI boosted their price objective on Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Argus raised Vontier from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of Vontier in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.14.

Vontier Stock Up 2.1%

VNT stock traded up $0.88 on Wednesday, reaching $42.92. 632,122 shares of the company traded hands, compared to its average volume of 982,792. The company has a market cap of $6.30 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.34 and a beta of 1.31. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.80. Vontier Corporation has a one year low of $27.22 and a one year high of $42.99. The firm has a fifty day simple moving average of $38.14 and a 200-day simple moving average of $35.80.

Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $773.50 million for the quarter, compared to the consensus estimate of $734.23 million. Vontier had a return on equity of 41.96% and a net margin of 12.99%. Vontier's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. Research analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current year.

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.