Woodline Partners LP Has $29.44 Million Stake in Vontier Co. (NYSE:VNT)

Woodline Partners LP boosted its position in Vontier Co. (NYSE:VNT - Free Report) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 807,110 shares of the company's stock after purchasing an additional 139,150 shares during the period. Woodline Partners LP owned 0.54% of Vontier worth $29,435,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VNT. Allspring Global Investments Holdings LLC increased its stake in shares of Vontier by 2,814.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company's stock valued at $10,164,000 after buying an additional 272,166 shares during the period. Proficio Capital Partners LLC acquired a new position in Vontier in the 4th quarter valued at approximately $508,000. Wolverine Asset Management LLC bought a new position in shares of Vontier during the fourth quarter valued at $2,918,000. Oppenheimer Asset Management Inc. raised its stake 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 valued at $888,000 after acquiring an additional 7,909 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Vontier by 14.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 78,201 shares of the company's stock worth $2,852,000 after purchasing an additional 9,833 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on VNT shares. Barclays increased their price objective on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Evercore ISI increased their price target on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Robert W. Baird raised their price objective on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Finally, Citigroup reduced their target price on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Vontier currently has an average rating of "Moderate Buy" and a consensus price target of $44.83.

Insiders Place Their Bets

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $36.34, for a total value of $266,880.96. Following the transaction, the senior vice president now owns 88,248 shares in the company, valued at approximately $3,206,932.32. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.97% of the company's stock.

Vontier Trading Down 1.4%

Vontier stock traded down $0.52 during trading hours on Monday, reaching $35.29. 541,753 shares of the company's stock were exchanged, compared to its average volume of 910,542. The firm's 50 day simple moving average is $32.69 and its 200 day simple moving average is $35.82. Vontier Co. has a twelve month low of $27.22 and a twelve month high of $41.61. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $5.22 billion, a PE ratio of 12.83, a PEG ratio of 1.23 and a beta of 1.29.

Vontier (NYSE:VNT - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.71 by $0.06. The company had revenue of $741.10 million for the quarter, compared to analyst estimates of $723.06 million. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 EPS. Research analysts predict that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, June 5th. Vontier's dividend payout ratio is presently 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.