Cerity Partners LLC Sells 11,102 Shares of Vontier Corporation (NYSE:VNT)

Cerity Partners LLC lessened its holdings in Vontier Corporation (NYSE:VNT) by 13.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,752 shares of the company’s stock after selling 11,102 shares during the quarter. Cerity Partners LLC’s holdings in Vontier were worth $2,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Olde Wealth Management LLC bought a new stake in shares of Vontier during the first quarter valued at approximately $36,000. Lazard Asset Management LLC purchased a new stake in Vontier in the fourth quarter worth approximately $73,000. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 829 shares during the last quarter. Wealthquest Corp purchased a new stake in Vontier in the first quarter worth approximately $80,000. Finally, Farther Finance Advisors LLC boosted its holdings in Vontier by 44.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock worth $83,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup reiterated a “buy” rating and issued a $45.00 price target (up from $37.00) on shares of Vontier in a research report on Monday, July 14th. Evercore ISI lifted their price objective on shares of Vontier from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, May 19th. 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 research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.33.

Insider Transactions at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $36.34, for a total transaction of $266,880.96. Following the transaction, the senior vice president directly owned 88,248 shares in the company, valued at $3,206,932.32. This trade represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.97% of the company’s stock.

Vontier Trading Down 0.0%

NYSE VNT opened at $38.44 on Friday. Vontier Corporation has a one year low of $27.22 and a one year high of $40.99. The firm has a 50 day simple moving average of $36.80 and a 200-day simple moving average of $35.44. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.34 and a beta of 1.30. 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 (NYSE:VNT) last announced 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. The business 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 company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. Equities research analysts anticipate that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier’s 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.