Y Intercept Hong Kong Ltd Purchases 29,178 Shares of Vontier Co. (NYSE:VNT)

Y Intercept Hong Kong Ltd grew its position in Vontier Co. (NYSE:VNT) by 172.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,058 shares of the company’s stock after purchasing an additional 29,178 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Vontier were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in Vontier by 305.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock worth $34,473,000 after buying an additional 679,651 shares during the period. Stanley Capital Management LLC purchased a new stake in shares of Vontier during the second quarter worth about $17,954,000. River Road Asset Management LLC raised its stake in Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after purchasing an additional 415,750 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Vontier by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock worth $98,011,000 after purchasing an additional 277,389 shares in the last quarter. Finally, F M Investments LLC bought a new position in Vontier in the 2nd quarter worth approximately $9,877,000. 95.83% of the stock is owned by hedge funds and other institutional investors.

Vontier Stock Up 0.7 %

Shares of Vontier stock opened at $39.17 on Wednesday. The firm’s 50-day moving average is $36.70 and its two-hundred day moving average is $36.61. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 1.81 and a beta of 1.24. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23.

Vontier (NYSE:VNT) last posted 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. The company had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. Vontier’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. As a group, research analysts expect that Vontier Co. will post 2.89 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Thursday, November 21st. Vontier’s dividend payout ratio is currently 3.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VNT shares. UBS Group assumed coverage on shares of Vontier in a report on Tuesday. They issued a “buy” rating and a $47.00 target price on the stock. Citigroup raised their price objective on Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI decreased their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Barclays increased their target price on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

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.