Balyasny Asset Management L.P. Acquires Shares of 113,378 Vontier Co. (NYSE:VNT)

Balyasny Asset Management L.P. acquired a new position in Vontier Co. (NYSE:VNT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 113,378 shares of the company's stock, valued at approximately $4,135,000. Balyasny Asset Management L.P. owned about 0.08% of Vontier at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of VNT. Barclays PLC increased its position in shares of Vontier by 133.9% in the third quarter. Barclays PLC now owns 100,836 shares of the company's stock worth $3,402,000 after purchasing an additional 57,728 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Vontier in the third quarter worth approximately $40,000. Oak Thistle LLC bought a new position in shares of Vontier in the fourth quarter worth approximately $838,000. Fifth Third Wealth Advisors LLC bought a new position in shares of Vontier in the fourth quarter worth approximately $223,000. Finally, Park Avenue Securities LLC boosted its stake in Vontier by 8.6% in the fourth quarter. Park Avenue Securities LLC now owns 9,011 shares of the company's stock worth $329,000 after buying an additional 715 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the sale, the senior vice president now owns 88,248 shares of the company's stock, valued at $3,206,932.32. This trade represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.97% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on VNT. Barclays upped their target price on Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Citigroup cut their target price on Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird upped their target price on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.67.

Vontier Trading Down 0.9%

Shares of Vontier stock traded down $0.33 on Wednesday, hitting $36.87. The stock had a trading volume of 922,191 shares, compared to its average volume of 903,099. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. Vontier Co. has a one year low of $27.22 and a one year high of $41.61. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.23 and a beta of 1.29. The stock's 50-day simple moving average is $32.15 and its two-hundred day simple moving average is $35.85.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.06. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The firm had revenue of $741.10 million for the quarter, compared to analysts' expectations of $723.06 million. During the same quarter last year, the business earned $0.74 earnings per share. The business's revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Vontier Co. will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Thursday, June 5th. Vontier's payout ratio is 4.07%.

Vontier 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.