Assenagon Asset Management S.A. Purchases New Position in Vontier Corporation (NYSE:VNT)

Assenagon Asset Management S.A. purchased a new stake in shares of Vontier Corporation (NYSE:VNT) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 14,725 shares of the company’s stock, valued at approximately $484,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VNT. Lazard Asset Management LLC bought a new stake in Vontier during the 4th quarter worth approximately $73,000. GAMMA Investing LLC grew its holdings in Vontier by 60.1% during the 1st quarter. GAMMA Investing LLC now owns 2,209 shares of the company’s stock worth $73,000 after acquiring an additional 829 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock worth $83,000 after acquiring an additional 700 shares during the last quarter. Covestor Ltd grew its holdings in Vontier by 66.8% during the 4th quarter. Covestor Ltd now owns 2,437 shares of the company’s stock worth $89,000 after acquiring an additional 976 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in Vontier during the 4th quarter worth approximately $98,000. 95.83% of the stock is owned by institutional investors.

Vontier Trading Up 0.3%

NYSE:VNT opened at $35.68 on Friday. The firm’s fifty day moving average is $34.25 and its 200-day moving average is $35.49. 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 52 week low of $27.22 and a 52 week high of $41.61. The firm has a market cap of $5.28 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.25 and a beta of 1.31.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. Vontier had a net margin of 12.59% and a return on equity of 41.99%. The company had revenue of $741.10 million for the quarter, compared to analyst estimates of $723.06 million. During the same period in the prior year, the firm posted $0.74 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Equities analysts expect that Vontier Corporation 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. Investors 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 dividend on an annualized basis and a dividend yield of 0.28%. Vontier’s payout ratio is presently 4.07%.

Insider Activity at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $36.34, for a total transaction of $266,880.96. Following the transaction, the senior vice president now owns 88,248 shares in the company, valued at approximately $3,206,932.32. This represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.97% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VNT shares. Evercore ISI boosted their target price on shares of Vontier from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. Citigroup reduced their target price on shares of Vontier from $45.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Barclays boosted their target price on shares of Vontier from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.83.

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.