KBC Group NV Sells 72,638 Shares of Vontier Corporation (NYSE:VNT)

KBC Group NV decreased its position in shares of Vontier Corporation (NYSE:VNT) by 83.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,850 shares of the company’s stock after selling 72,638 shares during the period. KBC Group NV’s holdings in Vontier were worth $488,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Vontier in the fourth quarter worth $508,000. US Bancorp DE increased its position in shares of Vontier by 21.7% in the fourth quarter. US Bancorp DE now owns 18,019 shares of the company’s stock worth $657,000 after purchasing an additional 3,216 shares during the period. Jones Financial Companies Lllp increased its position in shares of Vontier by 12.2% in the fourth quarter. Jones Financial Companies Lllp now owns 5,987 shares of the company’s stock worth $218,000 after purchasing an additional 652 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Vontier by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,343 shares of the company’s stock worth $53,988,000 after purchasing an additional 5,355 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Vontier by 3.7% in the fourth quarter. Victory Capital Management Inc. now owns 46,403 shares of the company’s stock worth $1,692,000 after purchasing an additional 1,666 shares during the period. Institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

Shares of VNT opened at $38.44 on Friday. Vontier Corporation 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 1.89, a current ratio of 1.62 and a quick ratio of 1.20. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. The business has a 50-day moving average of $35.78 and a 200-day moving average of $35.35.

Vontier (NYSE:VNT) last issued its quarterly earnings data 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. Vontier had a return on equity of 41.99% and a net margin of 12.59%. The company had revenue of $741.10 million during the quarter, compared to the consensus estimate of $723.06 million. During the same period last year, the company earned $0.74 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current 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 paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier’s dividend payout ratio is currently 4.07%.

Insider Buying and Selling at Vontier

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the 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 transaction, the senior vice president owned 88,248 shares of the company’s stock, valued at $3,206,932.32. This represents a 7.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.97% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.