34,900 Shares in Vontier Co. (NYSE:VNT) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in Vontier Co. (NYSE:VNT) during the 3rd quarter, Holdings Channel reports. The fund bought 34,900 shares of the company’s stock, valued at approximately $1,178,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd raised its position 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 acquiring an additional 395 shares during the period. Blue Trust Inc. raised 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 during the period. Ritholtz Wealth Management boosted its position in shares of 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 purchasing an additional 420 shares in the last quarter. Benjamin Edwards Inc. grew its holdings 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 position in shares of Vontier by 2.8% in the 2nd quarter. Creative Planning now owns 17,918 shares of the company’s stock valued at $684,000 after buying an additional 491 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on VNT shares. UBS Group assumed coverage on Vontier in a research note on Tuesday. They issued a “buy” rating and a $47.00 target price for the company. Citigroup increased their target price on Vontier from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday. Evercore ISI cut their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Barclays increased their price objective 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. Finally, Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Vontier Stock Performance

Shares of NYSE VNT opened at $39.17 on Wednesday. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62. The company has a market capitalization of $5.88 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.81 and a beta of 1.24. The stock has a 50 day moving average of $36.70 and a 200-day moving average of $36.61. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company had revenue of $750.00 million for the quarter, compared to analyst estimates of $729.23 million. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts predict that Vontier Co. will post 2.89 EPS for the current year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.26%. Vontier’s dividend payout ratio is presently 3.83%.

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.