39,984 Shares in Vontier Co. (NYSE:VNT) Acquired by Holocene Advisors LP

Holocene Advisors LP bought a new stake in shares of Vontier Co. (NYSE:VNT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 39,984 shares of the company’s stock, valued at approximately $1,349,000.

Other institutional investors have also added to or reduced their stakes in the company. Benjamin Edwards Inc. increased its stake in shares of Vontier by 55.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 12,017 shares of the company’s stock worth $405,000 after purchasing an additional 4,288 shares in the last quarter. Paloma Partners Management Co bought a new stake in Vontier during the third quarter valued at about $1,064,000. Point72 Asia Singapore Pte. Ltd. increased its position in Vontier by 18.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,094 shares of the company’s stock worth $341,000 after buying an additional 1,581 shares in the last quarter. Point72 Hong Kong Ltd raised its stake in shares of Vontier by 19,555.7% in the third quarter. Point72 Hong Kong Ltd now owns 37,739 shares of the company’s stock worth $1,273,000 after buying an additional 37,547 shares during the period. Finally, Verition Fund Management LLC lifted its position in shares of Vontier by 1,414.9% during the 3rd quarter. Verition Fund Management LLC now owns 159,865 shares of the company’s stock valued at $5,394,000 after buying an additional 149,312 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Vontier Price Performance

Shares of NYSE:VNT opened at $38.64 on Friday. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 1.83 and a beta of 1.24. The firm has a fifty day moving average price of $36.50 and a 200 day moving average price of $36.68. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two 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.

Vontier (NYSE:VNT) last announced its quarterly 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. The business had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. As a group, sell-side analysts expect that Vontier Co. will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 21st. 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.