Lecap Asset Management Ltd. Raises Stock Position in Vontier Corporation (NYSE:VNT)

Lecap Asset Management Ltd. raised its stake in shares of Vontier Corporation (NYSE:VNT) by 384.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,028 shares of the company’s stock after purchasing an additional 23,830 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Vontier were worth $986,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in Vontier during the 4th quarter valued at $73,000. GAMMA Investing LLC increased its position in Vontier by 60.1% during the 1st quarter. GAMMA Investing LLC now owns 2,209 shares of the company’s stock valued at $73,000 after purchasing an additional 829 shares during the period. Farther Finance Advisors LLC increased its position in Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock valued at $83,000 after purchasing an additional 700 shares during the period. Covestor Ltd increased its position in Vontier by 66.8% during the 4th quarter. Covestor Ltd now owns 2,437 shares of the company’s stock valued at $89,000 after purchasing an additional 976 shares during the period. Finally, UMB Bank n.a. increased its position in Vontier by 229.8% during the 1st quarter. UMB Bank n.a. now owns 2,704 shares of the company’s stock valued at $89,000 after purchasing an additional 1,884 shares during the period. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VNT has been the topic of a number of research analyst reports. Evercore ISI boosted their price objective on shares of Vontier from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. Barclays boosted their target price on shares of Vontier from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Finally, Citigroup dropped their target price on shares of Vontier from $45.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.83.

Insider Buying and Selling

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

Vontier Stock Performance

Shares of VNT stock opened at $36.81 on Thursday. Vontier Corporation has a 12 month low of $27.22 and a 12 month high of $41.61. The stock has a market cap of $5.44 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 1.29 and a beta of 1.31. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 1.89. The company’s fifty day moving average price is $34.75 and its 200-day moving average price is $35.42.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. The company 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%. Vontier’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. On average, equities analysts expect that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, June 5th. Vontier’s payout ratio is 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.