Bayesian Capital Management LP Makes New Investment in Vontier Co. (NYSE:VNT)

Bayesian Capital Management LP bought a new stake in shares of Vontier Co. (NYSE:VNT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,293 shares of the company's stock, valued at approximately $704,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VNT. Global X Japan Co. Ltd. grew its holdings in shares of Vontier by 137.7% during the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after acquiring an additional 431 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Vontier in the third quarter worth $40,000. Farther Finance Advisors LLC raised its holdings in Vontier by 44.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after purchasing an additional 700 shares in the last quarter. Covestor Ltd lifted its position in Vontier by 66.8% during the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock valued at $89,000 after buying an additional 976 shares during the period. Finally, Wealthfront Advisers LLC bought a new stake in shares of Vontier during the 4th quarter valued at $98,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup lowered their price target on shares of Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird lifted their target price on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Finally, Barclays raised their price objective on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Vontier has an average rating of "Moderate Buy" and a consensus target price of $43.67.

Vontier Trading Up 0.4 %

NYSE:VNT opened at $33.42 on Tuesday. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 1.23 and a beta of 1.29. Vontier Co. has a 52 week low of $27.22 and a 52 week high of $41.61. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The company's 50 day moving average price is $32.20 and its 200-day moving average price is $35.83.

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

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.

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