Ritholtz Wealth Management Sells 3,251 Shares of Vontier Corporation (NYSE:VNT)

Ritholtz Wealth Management lowered its holdings in Vontier Corporation (NYSE:VNT) by 27.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,801 shares of the company’s stock after selling 3,251 shares during the period. Ritholtz Wealth Management’s holdings in Vontier were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of VNT. Dynamic Advisor Solutions LLC bought a new stake in shares of Vontier during the 1st quarter worth approximately $975,000. Proficio Capital Partners LLC bought a new position in shares of Vontier in the fourth quarter valued at $508,000. Wolverine Asset Management LLC acquired a new position in Vontier during the fourth quarter worth $2,918,000. Oppenheimer Asset Management Inc. raised its position in Vontier by 48.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company’s stock worth $888,000 after acquiring an additional 7,909 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted 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 last quarter. Institutional investors own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

VNT has been the topic of several recent analyst reports. Evercore ISI boosted their price objective on shares of Vontier from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Barclays lifted their price target on Vontier from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Finally, Citigroup dropped 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Vontier presently has an average rating of “Moderate Buy” and a consensus price target of $44.83.

Vontier Stock Performance

NYSE VNT opened at $35.71 on Friday. The stock has a market cap of $5.28 billion, a PE ratio of 14.52, a P/E/G ratio of 1.25 and a beta of 1.31. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.20 and a current ratio of 1.62. The firm has a 50-day moving average of $34.36 and a 200-day moving average of $35.47. Vontier Corporation has a 52-week low of $27.22 and a 52-week high of $41.61.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.06. The firm had revenue of $741.10 million for the quarter, compared to analysts’ expectations of $723.06 million. Vontier had a net margin of 12.59% and a return on equity of 41.99%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. On average, sell-side analysts anticipate that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.025 per share. 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 4.07%.

Insider Transactions at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 88,248 shares of the company’s stock, valued at $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.97% of the stock is currently owned by insiders.

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.