Point72 DIFC Ltd Purchases 14,219 Shares of Vontier Co. (NYSE:VNT)

Point72 DIFC Ltd lifted its holdings in shares of Vontier Co. (NYSE:VNT) by 2,849.5% during the 3rd quarter, Holdings Channel reports. The firm owned 14,718 shares of the company’s stock after purchasing an additional 14,219 shares during the period. Point72 DIFC Ltd’s holdings in Vontier were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of VNT. Covestor Ltd raised its holdings in shares of Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after buying an additional 395 shares in the last quarter. Blue Trust Inc. increased its holdings in Vontier by 10.9% in the third quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock worth $141,000 after purchasing an additional 410 shares in the last quarter. Ritholtz Wealth Management boosted its stake in Vontier by 3.3% during the second quarter. Ritholtz Wealth Management now owns 13,129 shares of the company’s stock worth $502,000 after acquiring an additional 420 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Vontier by 6.2% in the 2nd quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company’s stock valued at $295,000 after buying an additional 448 shares during the period. Finally, Creative Planning increased its holdings in shares of Vontier by 2.8% during the second quarter. Creative Planning now owns 17,918 shares of the company’s stock valued at $684,000 after acquiring an additional 491 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VNT. Evercore ISI reduced their price objective on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Argus cut Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Barclays increased their target price on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Vontier has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Vontier Stock Performance

Vontier stock opened at $38.64 on Friday. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. The firm has a 50-day moving average of $36.50 and a 200-day moving average of $36.68. The firm has a market cap of $5.80 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.83 and a beta of 1.24.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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 company had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter in the previous year, the company earned $0.73 earnings per share. Vontier’s quarterly revenue was down 2.0% on a year-over-year basis. Sell-side analysts expect that Vontier Co. will post 2.89 EPS for the current year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.26%. The ex-dividend date is Thursday, November 21st. Vontier’s dividend payout ratio (DPR) is 3.83%.

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.