Cubist Systematic Strategies LLC Sells 180,241 Shares of Vontier Corporation $VNT

Key Points

• Cubist Systematic Strategies LLC has reduced its stake in Vontier Corporation by 71.5%, now holding 72,012 shares worth approximately $2.37 million.
• Vontier's stock has received positive analyst ratings, with UBS raising the price target from $47.00 to $50.00 and an average consensus target price of $47.50.
• The company recently reported $0.79 earnings per share for the last quarter, exceeding estimates, along with a projected annual EPS guidance of 3.100-3.200.

Cubist Systematic Strategies LLC reduced its holdings in Vontier Corporation (NYSE:VNT - Free Report) by 71.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,012 shares of the company's stock after selling 180,241 shares during the period. Cubist Systematic Strategies LLC's holdings in Vontier were worth $2,366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin Edwards Inc. raised its stake in shares of Vontier by 2.2% during the 4th quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company's stock worth $448,000 after purchasing an additional 270 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. raised its stake in shares of Vontier by 0.8% during the 1st quarter. Klein Pavlis & Peasley Financial Inc. now owns 37,000 shares of the company's stock worth $1,218,000 after purchasing an additional 300 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Vontier by 3.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,287 shares of the company's stock worth $301,000 after purchasing an additional 337 shares in the last quarter. Redwood Investment Management LLC raised its stake in shares of Vontier by 1.1% during the 1st quarter. Redwood Investment Management LLC now owns 39,721 shares of the company's stock worth $1,305,000 after purchasing an additional 451 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Vontier by 14.9% during the 1st quarter. Blue Trust Inc. now owns 4,437 shares of the company's stock worth $146,000 after purchasing an additional 574 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore ISI reaffirmed an "outperform" rating on shares of Vontier in a research note on Tuesday, August 19th. Robert W. Baird raised their price target on Vontier from $40.00 to $45.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Barclays reaffirmed an "overweight" rating on shares of Vontier in a research note on Monday, August 4th. UBS Group increased their price objective on Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen raised Vontier from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Vontier currently has an average rating of "Moderate Buy" and a consensus target price of $47.50.

Vontier Stock Performance

VNT traded down $0.35 during midday trading on Friday, reaching $42.88. The company's stock had a trading volume of 896,722 shares, compared to its average volume of 802,575. The stock has a market cap of $6.29 billion, a P/E ratio of 16.30, a PEG ratio of 1.43 and a beta of 1.31. The company has a fifty day simple moving average of $41.03 and a 200 day simple moving average of $36.52. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $43.78.

Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. The firm had revenue of $773.50 million for the quarter, compared to analyst estimates of $734.23 million. Vontier had a return on equity of 41.96% and a net margin of 12.99%.The company's revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. Vontier has set its FY 2025 guidance at 3.100-3.200 EPS. Q3 2025 guidance at 0.740-0.780 EPS. Research analysts expect that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.2%. Vontier's dividend payout ratio (DPR) is 3.80%.

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.