Bridgewater Associates LP Has $3.47 Million Stock Position in Vontier Co. (NYSE:VNT)

Bridgewater Associates LP lifted its stake in Vontier Co. (NYSE:VNT) by 153.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,747 shares of the company’s stock after purchasing an additional 62,229 shares during the period. Bridgewater Associates LP owned 0.07% of Vontier worth $3,467,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after buying an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in Vontier in the third quarter worth $37,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Vontier during the second quarter worth $44,000. Covestor Ltd grew its holdings in shares of Vontier by 37.1% in the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after buying an additional 395 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of Vontier by 32.0% in the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock valued at $124,000 after buying an additional 786 shares in the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Trading Up 0.2 %

NYSE VNT opened at $39.26 on Friday. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The stock’s 50 day moving average price is $36.04 and its two-hundred day moving average price is $36.69. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 1.83 and a beta of 1.25.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The business had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. As a group, analysts anticipate that Vontier Co. will post 2.89 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. Vontier’s dividend payout ratio is presently 3.83%.

Analysts Set New Price Targets

Several research firms have weighed in on VNT. Barclays lifted their target price on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Evercore ISI cut their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, Argus cut Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

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.