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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VNT. Olde Wealth Management LLC bought a new stake in shares of Vontier in the 1st quarter worth $36,000. Lazard Asset Management LLC purchased a new position in Vontier during the fourth quarter valued at $73,000. GAMMA Investing LLC lifted its position in Vontier by 60.1% during the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock valued at $73,000 after purchasing an additional 829 shares in the last quarter. Wealthquest Corp purchased a new position in Vontier during the first quarter valued at $80,000. Finally, Covestor Ltd lifted its position in shares of Vontier by 66.8% in the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock valued at $89,000 after acquiring an additional 976 shares in the last quarter. Institutional investors own 95.83% of the company's stock.

Vontier Price Performance

Shares of VNT stock traded up $1.60 during trading hours on Tuesday, hitting $41.97. The stock had a trading volume of 871,437 shares, compared to its average volume of 985,923. Vontier Corporation has a one year low of $27.22 and a one year high of $42.05. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.80. The stock's 50-day moving average price is $38.03 and its two-hundred day moving average price is $35.76. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.35 and a beta of 1.31.

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

Analyst Ratings Changes

Several brokerages have recently commented on VNT. The Goldman Sachs Group restated a "neutral" rating on shares of Vontier in a research report on Thursday, July 31st. Barclays restated an "overweight" rating on shares of Vontier in a research report on Monday, August 4th. UBS Group boosted their price objective on Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Evercore ISI lifted their target price on Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Wall Street Zen raised Vontier from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $47.14.

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.