EP Wealth Advisors LLC Buys Shares of 5,962 Vontier Co. (NYSE:VNT)

EP Wealth Advisors LLC bought a new stake in Vontier Co. (NYSE:VNT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,962 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Vontier during the 4th quarter worth $64,869,000. Capital World Investors raised its stake in shares of Vontier by 39.4% during the 4th quarter. Capital World Investors now owns 1,128,451 shares of the company’s stock worth $41,155,000 after buying an additional 318,775 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Vontier by 58.7% during the 4th quarter. First Trust Advisors LP now owns 743,649 shares of the company’s stock worth $27,121,000 after buying an additional 274,997 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Vontier by 2,814.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock worth $10,164,000 after buying an additional 272,166 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Vontier during the 4th quarter worth $9,363,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Trading Down 0.9%

Shares of VNT stock opened at $36.87 on Thursday. The firm has a 50-day moving average price of $32.21 and a 200 day moving average price of $35.86. Vontier Co. has a twelve month low of $27.22 and a twelve month high of $41.61. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.23 and a beta of 1.29. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97.

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

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, June 5th. Vontier’s dividend payout ratio (DPR) is 4.07%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VNT. Barclays lifted their price target on Vontier from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Citigroup cut their price target on Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird lifted their price target on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.67.

Insider Buying and Selling at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the sale, the senior vice president now owns 88,248 shares in the company, valued at $3,206,932.32. The trade was a 7.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.97% of the stock is owned by company insiders.

Vontier Profile

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.