Wolverine Asset Management LLC Sells 25,000 Shares of Vontier Corporation (NYSE:VNT)

Wolverine Asset Management LLC lessened its position in Vontier Corporation (NYSE:VNT) by 31.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,000 shares of the company’s stock after selling 25,000 shares during the period. Wolverine Asset Management LLC’s holdings in Vontier were worth $1,807,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Vontier by 5.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,323,491 shares of the company’s stock worth $121,208,000 after buying an additional 173,542 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Vontier by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,666,927 shares of the company’s stock valued at $97,260,000 after purchasing an additional 75,775 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Vontier by 0.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,540,329 shares of the company’s stock valued at $92,646,000 after purchasing an additional 20,649 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Vontier by 4.0% during the fourth quarter. Ameriprise Financial Inc. now owns 2,515,579 shares of the company’s stock valued at $91,740,000 after purchasing an additional 96,554 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Vontier by 5.2% during the first quarter. Royce & Associates LP now owns 1,417,787 shares of the company’s stock valued at $46,574,000 after purchasing an additional 70,528 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

Vontier Stock Up 0.4%

VNT opened at $40.54 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32. Vontier Corporation has a 1-year low of $27.22 and a 1-year high of $42.00. The company has a market capitalization of $5.95 billion, a PE ratio of 15.41, a PEG ratio of 1.34 and a beta of 1.31. The firm’s 50 day simple moving average is $37.93 and its two-hundred day simple moving average is $35.79.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The business had revenue of $773.50 million for the quarter, compared to the consensus estimate of $734.23 million. During the same period last year, the firm earned $0.63 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities analysts forecast that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. Vontier’s dividend payout ratio is 3.80%.

Analyst Ratings Changes

Several research analysts have recently weighed in on VNT shares. Barclays reissued an “overweight” rating on shares of Vontier in a report on Monday. UBS Group boosted their price objective on shares of Vontier from $47.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird boosted their price objective on shares of Vontier from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Wall Street Zen raised shares of Vontier from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Finally, Citigroup reissued a “buy” rating and set a $45.00 price objective (up from $37.00) on shares of Vontier in a report on Monday, July 14th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.14.

Insider Activity

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the stock in a transaction on Monday, May 12th. The shares were 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 directly owned 88,248 shares of the company’s stock, valued at $3,206,932.32. This 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 at this hyperlink. 0.97% of the stock is currently owned by company 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.