Arizona State Retirement System Sells 1,523 Shares of Vontier Corporation (NYSE:VNT)

Arizona State Retirement System lowered its position in Vontier Corporation (NYSE:VNT) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,084 shares of the company’s stock after selling 1,523 shares during the quarter. Arizona State Retirement System’s holdings in Vontier were worth $1,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Olde Wealth Management LLC acquired a new stake in shares of Vontier in the 1st quarter worth $36,000. Lazard Asset Management LLC purchased a new position in Vontier in the 4th quarter worth $73,000. GAMMA Investing LLC raised its stake in Vontier by 60.1% in 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. Wealthquest Corp purchased a new position in Vontier in the 1st quarter worth $80,000. Finally, Farther Finance Advisors LLC raised its stake in Vontier by 44.5% in 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. Institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

Shares of NYSE:VNT opened at $38.44 on Friday. The company has a 50-day simple moving average of $36.80 and a 200-day simple moving average of $35.44. Vontier Corporation has a one year low of $27.22 and a one year high of $40.99. 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 stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.34 and a beta of 1.30.

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

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Thursday, June 5th. Vontier’s dividend payout ratio is presently 4.07%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VNT shares. Barclays lifted their price objective on Vontier from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. Citigroup restated a “buy” rating and set a $45.00 target price (up from $37.00) on shares of Vontier in a research report on Monday, July 14th. Finally, Evercore ISI raised 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.33.

Insider Buying and Selling at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $36.34, for a total transaction of $266,880.96. Following the completion of the transaction, the senior vice president directly owned 88,248 shares of the company’s stock, valued at $3,206,932.32. The trade was a 7.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.97% of the stock is currently owned by corporate 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.