XTX Topco Ltd Makes New Investment in Vontier Corporation (NYSE:VNT)

Key Points

• XTX Topco Ltd acquired 8,993 shares of Vontier Corporation (NYSE:VNT) in a new investment valued at approximately $295,000 during the first quarter.
• Vontier reported a **net revenue** of $773.50 million for the quarter, beating analyst estimates of $734.23 million and showing an **11.1% year-over-year growth**.
• The company recently announced a quarterly dividend, paying $0.025 per share, resulting in an annualized dividend of **$0.10** and a yield of **0.2%**.

XTX Topco Ltd acquired a new position in Vontier Corporation (NYSE:VNT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,993 shares of the company's stock, valued at approximately $295,000.

A number of other hedge funds have also recently added to or reduced their stakes in VNT. Olde Wealth Management LLC acquired a new position in shares of Vontier during the first quarter valued at $36,000. Lazard Asset Management LLC acquired a new position in shares of Vontier during the fourth quarter valued at $73,000. GAMMA Investing LLC boosted its holdings in shares of Vontier by 60.1% during the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock valued at $73,000 after acquiring an additional 829 shares during the period. Wealthquest Corp acquired a new position in shares of Vontier during the first quarter valued at $80,000. Finally, Covestor Ltd boosted its holdings in shares of 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 acquiring an additional 976 shares during the period. Institutional investors and hedge funds own 95.83% of the company's stock.

Vontier Stock Performance

Shares of NYSE VNT traded down $0.50 during midday trading on Friday, reaching $42.57. 81,984 shares of the company traded hands, compared to its average volume of 985,307. Vontier Corporation has a 52 week low of $27.22 and a 52 week high of $43.32. The stock has a 50-day moving average price of $38.43 and a 200 day moving average price of $35.89. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.80. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.44 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The business had revenue of $773.50 million for the quarter, compared to analysts' expectations of $734.23 million. During the same period in the previous year, the business earned $0.63 earnings per share. The company's revenue was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VNT shares. Robert W. Baird boosted their price target on shares of Vontier from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Evercore ISI boosted their price target on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Argus raised shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 price target for the company in a report on Tuesday, August 5th. UBS Group lifted their price objective on shares of Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group restated a "neutral" rating on shares of Vontier in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $47.14.

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.