MQS Management LLC Invests $465,000 in Vontier Corporation (NYSE:VNT)

MQS Management LLC bought a new position in Vontier Corporation (NYSE:VNTFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,142 shares of the company’s stock, valued at approximately $465,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Olde Wealth Management LLC acquired a new position in shares of Vontier in the 1st quarter valued at $36,000. Lazard Asset Management LLC purchased a new position in shares of Vontier in the 4th quarter worth $73,000. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 829 shares during the last quarter. Wealthquest Corp purchased a new stake in Vontier during the first quarter valued at about $80,000. Finally, Farther Finance Advisors LLC grew its position in Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock valued at $83,000 after acquiring an additional 700 shares during the period. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $36.34, for a total value of $266,880.96. Following the transaction, the senior vice president owned 88,248 shares in the company, valued at $3,206,932.32. The trade was a 7.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Evercore ISI raised their price objective on Vontier from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. Barclays raised their price target on shares of Vontier from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Finally, Citigroup reduced their price target on shares of Vontier from $45.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vontier has a consensus rating of “Moderate Buy” and an average target price of $44.83.

View Our Latest Report on VNT

Vontier Price Performance

VNT stock opened at $38.26 on Monday. The firm has a market cap of $5.66 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.20 and a current ratio of 1.62. Vontier Corporation has a 1 year low of $27.22 and a 1 year high of $41.61. The stock has a 50-day simple moving average of $36.41 and a 200-day simple moving average of $35.38.

Vontier (NYSE:VNTGet Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. The firm had revenue of $741.10 million during the quarter, compared to analysts’ expectations of $723.06 million. Vontier had a return on equity of 41.99% and a net margin of 12.59%. Vontier’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS. On average, equities analysts predict that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Thursday, June 5th. Vontier’s payout ratio is 4.07%.

About Vontier

(Free Report)

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.

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Institutional Ownership by Quarter for Vontier (NYSE:VNT)

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