39,270 Shares in Vontier Co. (NYSE:VNT) Bought by Redwood Investment Management LLC

Redwood Investment Management LLC purchased a new position in Vontier Co. (NYSE:VNT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 39,270 shares of the company’s stock, valued at approximately $1,432,000.

A number of other institutional investors also recently made changes to their positions in VNT. Allspring Global Investments Holdings LLC grew its position 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 purchasing an additional 272,166 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Vontier in the fourth quarter worth about $508,000. Integrated Investment Consultants LLC lifted its stake in shares of Vontier by 14.7% in the fourth quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company’s stock worth $2,461,000 after acquiring an additional 8,657 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Vontier in the fourth quarter worth about $2,918,000. Finally, Oppenheimer Asset Management Inc. raised its stake in 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 buying an additional 7,909 shares in the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Stock Down 0.2%

VNT stock opened at $36.82 on Friday. 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 business’s 50-day simple moving average is $32.29 and its 200 day simple moving average is $35.88. The company has a market cap of $5.45 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29. Vontier Co. has a twelve month low of $27.22 and a twelve month high of $41.61.

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

Vontier Dividend Announcement

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 $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Thursday, June 5th. Vontier’s payout ratio is presently 4.07%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $36.34, for a total transaction of $266,880.96. Following the sale, the senior vice president now directly owns 88,248 shares of the company’s stock, 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 this link. Company insiders own 0.97% of the company’s stock.

Vontier Company 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.