EP Wealth Advisors LLC Purchases Shares of 5,962 Vontier Co. (NYSE:VNT)

EP Wealth Advisors LLC purchased a new stake in Vontier Co. (NYSE:VNT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,962 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds also recently added to or reduced their stakes in VNT. Norges Bank purchased a new position in Vontier in the fourth quarter valued at approximately $64,869,000. Capital World Investors grew its position in shares of Vontier by 39.4% during the fourth quarter. Capital World Investors now owns 1,128,451 shares of the company’s stock worth $41,155,000 after acquiring an additional 318,775 shares during the last quarter. First Trust Advisors LP grew its position in shares of Vontier by 58.7% during the fourth quarter. First Trust Advisors LP now owns 743,649 shares of the company’s stock worth $27,121,000 after acquiring an additional 274,997 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Vontier by 2,814.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock worth $10,164,000 after acquiring an additional 272,166 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Vontier during the fourth quarter worth approximately $9,363,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vontier

In other Vontier 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 value of $266,880.96. Following the completion of the sale, the senior vice president now owns 88,248 shares of the company’s stock, valued at approximately $3,206,932.32. This trade represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.97% of the stock is owned by corporate insiders.

Vontier Stock Performance

NYSE:VNT opened at $36.87 on Thursday. The firm’s fifty day moving average price is $32.21 and its 200 day moving average price is $35.86. Vontier Co. has a 1-year low of $27.22 and a 1-year high of $41.61. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The firm had revenue of $741.10 million for the quarter, compared to analyst estimates of $723.06 million. During the same period last year, the firm posted $0.74 EPS. Vontier’s quarterly revenue was down 1.9% on a year-over-year basis. On average, sell-side analysts expect that Vontier Co. 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. Investors of record on Thursday, June 5th will be given a $0.025 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. Vontier’s dividend payout ratio (DPR) is 4.07%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VNT shares. Citigroup lowered their target price on shares of Vontier from $45.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Barclays raised 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. Finally, Robert W. Baird raised their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Vontier presently has an average rating of “Moderate Buy” and an average price target of $43.67.

About Vontier

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.