Vontier Corporation (NYSE:VNT) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp raised its holdings in Vontier Corporation (NYSE:VNT) by 28.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,187 shares of the company’s stock after purchasing an additional 711 shares during the period. Fifth Third Bancorp’s holdings in Vontier were worth $105,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VNT. Assenagon Asset Management S.A. acquired a new stake in shares of Vontier in the first quarter worth approximately $484,000. GAMMA Investing LLC boosted its stake in shares of Vontier by 60.1% in the first 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. Park Avenue Securities LLC boosted its stake in shares of Vontier by 14.3% in the first quarter. Park Avenue Securities LLC now owns 10,297 shares of the company’s stock worth $338,000 after acquiring an additional 1,286 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Vontier by 229.8% in the first quarter. UMB Bank n.a. now owns 2,704 shares of the company’s stock worth $89,000 after acquiring an additional 1,884 shares during the last quarter. Finally, Sendero Wealth Management LLC acquired a new stake in shares of Vontier in the first quarter worth approximately $206,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier 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 completion of the sale, the senior vice president now directly owns 88,248 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

VNT has been the topic of a number of analyst reports. Barclays lifted their price objective on Vontier from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Evercore ISI lifted 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. Finally, Citigroup reduced their price objective 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.83.

Vontier Price Performance

NYSE:VNT opened at $35.68 on Friday. Vontier Corporation has a 52 week low of $27.22 and a 52 week high of $41.61. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 1.89. The company has a market capitalization 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. The stock’s fifty day moving average is $34.25 and its two-hundred day moving average is $35.49.

Vontier (NYSE:VNT) last posted its earnings results 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 return on equity of 41.99% and a net margin of 12.59%. The company had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities analysts expect that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be paid a $0.025 dividend. The ex-dividend date 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%.

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.