Yousif Capital Management LLC Lowers Position in Vontier Co. (NYSE:VNT)

Yousif Capital Management LLC trimmed its position in shares of Vontier Co. (NYSE:VNT) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,200 shares of the company’s stock after selling 1,678 shares during the quarter. Yousif Capital Management LLC’s holdings in Vontier were worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of VNT. Norges Bank bought a new position in shares of Vontier during the fourth quarter valued at about $64,869,000. Millennium Management LLC lifted its position in shares of Vontier by 659.9% during the 4th quarter. Millennium Management LLC now owns 860,423 shares of the company’s stock worth $31,380,000 after buying an additional 747,196 shares in the last quarter. J. Goldman & Co LP purchased a new position in shares of Vontier in the 4th quarter worth approximately $17,478,000. Capital World Investors grew its holdings in shares of Vontier by 39.4% in the fourth quarter. Capital World Investors now owns 1,128,451 shares of the company’s stock valued at $41,155,000 after acquiring an additional 318,775 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Vontier by 821.7% in the fourth quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company’s stock valued at $11,731,000 after acquiring an additional 286,774 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VNT has been the topic of several research analyst reports. Evercore ISI boosted their price objective on Vontier from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. Barclays boosted their price target on shares of Vontier from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Robert W. Baird increased their price target on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Finally, Citigroup lowered their price objective 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Vontier currently has an average rating of “Moderate Buy” and a consensus target price of $44.83.

Insider Transactions at Vontier

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was 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 in the company, valued at $3,206,932.32. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.97% of the company’s stock.

Vontier Stock Up 2.1%

VNT stock opened at $36.24 on Tuesday. The stock has a fifty day moving average of $33.95 and a 200-day moving average of $35.51. Vontier Co. has a fifty-two week low of $27.22 and a fifty-two week high of $41.61. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 1.23 and a beta of 1.31. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51.

Vontier (NYSE:VNT) last posted its 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. The firm had revenue of $741.10 million during the quarter, compared to the consensus estimate of $723.06 million. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share. As a group, equities research analysts predict that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

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

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.