Parallel Advisors LLC Has $52,000 Holdings in Vontier Co. (NYSE:VNT)

Parallel Advisors LLC lessened its position in Vontier Co. (NYSE:VNT) by 31.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,589 shares of the company’s stock after selling 727 shares during the period. Parallel Advisors LLC’s holdings in Vontier were worth $52,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in 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 acquiring an additional 272,166 shares during the period. Proficio Capital Partners LLC acquired a new stake in Vontier in the fourth quarter valued at approximately $508,000. Wolverine Asset Management LLC acquired a new stake in Vontier in the fourth quarter valued at approximately $2,918,000. Oppenheimer Asset Management Inc. grew its stake in Vontier by 48.1% in 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 period. Finally, Sequoia Financial Advisors LLC grew its stake in Vontier by 14.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 78,201 shares of the company’s stock valued at $2,852,000 after acquiring an additional 9,833 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Robert W. Baird lifted 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. Barclays lifted 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. Evercore ISI lifted their target price on Vontier from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. Finally, Citigroup cut their target price on Vontier from $45.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.83.

Vontier Stock Up 0.9%

VNT stock opened at $36.13 on Monday. The stock’s fifty day simple moving average is $33.13 and its two-hundred day simple moving average is $35.62. 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 Co. has a 1-year low of $27.22 and a 1-year high of $41.61. The stock has a market cap of $5.34 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.23 and a beta of 1.31.

Vontier (NYSE:VNT) last posted its quarterly earnings data 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 business had revenue of $741.10 million for the quarter, compared to analysts’ expectations of $723.06 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. Analysts expect that Vontier Co. will post 3.13 EPS for the current year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.10 annualized dividend and a yield of 0.28%. Vontier’s dividend payout ratio is currently 4.07%.

Insiders Place Their Bets

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 stock was sold at an average price of $36.34, for a total value of $266,880.96. Following the sale, the senior vice president now directly owns 88,248 shares in the company, valued at $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.97% of the company’s stock.

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.