Nuveen Asset Management LLC Sells 790,278 Shares of Vontier Co. (NYSE:VNT)

Nuveen Asset Management LLC cut its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,160,018 shares of the company's stock after selling 790,278 shares during the period. Nuveen Asset Management LLC owned approximately 2.10% of Vontier worth $115,246,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VNT. Barclays PLC raised its holdings in shares of Vontier by 133.9% during the 3rd quarter. Barclays PLC now owns 100,836 shares of the company's stock worth $3,402,000 after acquiring an additional 57,728 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in Vontier during the fourth quarter valued at $223,000. Park Avenue Securities LLC lifted its position in Vontier by 8.6% during the fourth quarter. Park Avenue Securities LLC now owns 9,011 shares of the company's stock valued at $329,000 after purchasing an additional 715 shares during the last quarter. Integrated Investment Consultants LLC grew its stake in shares of Vontier by 14.7% in the 4th quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company's stock worth $2,461,000 after buying an additional 8,657 shares in the last quarter. Finally, Eldred Rock Partners LLC increased its holdings in shares of Vontier by 0.5% in the 4th quarter. Eldred Rock Partners LLC now owns 401,353 shares of the company's stock worth $14,596,000 after buying an additional 2,098 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Insider Activity

In related 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 of the company's stock, valued at $3,206,932.32. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.97% of the company's stock.

Analyst Upgrades and Downgrades

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

Vontier Trading Up 0.1%

Vontier stock traded up $0.04 during midday trading on Thursday, reaching $35.68. The stock had a trading volume of 216,408 shares, compared to its average volume of 904,349. Vontier Co. has a 52-week low of $27.22 and a 52-week high of $41.61. The company has a fifty day moving average of $32.61 and a 200 day moving average of $35.91. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.06. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. During the same period in the prior year, the business posted $0.74 earnings per share. The company's revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Announces Dividend

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