Point72 Asset Management L.P. Has $11.73 Million Stock Position in Vontier Co. (NYSE:VNT)

Point72 Asset Management L.P. lifted its stake in Vontier Co. (NYSE:VNT - Free Report) by 821.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 321,674 shares of the company's stock after purchasing an additional 286,774 shares during the quarter. Point72 Asset Management L.P. owned 0.21% of Vontier worth $11,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in VNT. Benjamin Edwards Inc. raised its position in Vontier by 2.2% during the fourth quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company's stock valued at $448,000 after acquiring an additional 270 shares in the last quarter. Foundry Partners LLC raised its position in Vontier by 1.9% during the fourth quarter. Foundry Partners LLC now owns 17,304 shares of the company's stock valued at $631,000 after acquiring an additional 324 shares in the last quarter. Quadrant Capital Group LLC raised its position in Vontier by 5.0% during the fourth quarter. Quadrant Capital Group LLC now owns 7,049 shares of the company's stock valued at $257,000 after acquiring an additional 338 shares in the last quarter. Bailard Inc. raised its position in Vontier by 0.6% during the fourth quarter. Bailard Inc. now owns 61,207 shares of the company's stock valued at $2,232,000 after acquiring an additional 356 shares in the last quarter. Finally, Global X Japan Co. Ltd. raised its position in Vontier by 137.7% during the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock valued at $27,000 after acquiring an additional 431 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VNT. Citigroup cut their price objective on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Robert W. Baird raised their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Barclays raised their price objective on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, Evercore ISI raised their price objective on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $44.83.

Vontier Stock Performance

VNT stock traded down $0.52 during midday trading on Friday, hitting $35.29. 541,753 shares of the company traded hands, compared to its average volume of 910,542. Vontier Co. has a twelve month low of $27.22 and a twelve month 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 business has a 50 day simple moving average of $32.69 and a 200-day simple moving average of $35.85. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating 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 company had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. During the same quarter last year, the company posted $0.74 earnings per share. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities research analysts predict that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.10 annualized dividend and a yield of 0.28%. Vontier's dividend payout ratio (DPR) is presently 4.07%.

Insider Buying and Selling at Vontier

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $36.34, for a total value of $266,880.96. Following the sale, the senior vice president now owns 88,248 shares in the company, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 0.97% of the company's stock.

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.