Point72 Asset Management L.P. Raises Stake in Vontier Co. (NYSE:VNT)

Point72 Asset Management L.P. boosted its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 821.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 321,674 shares of the company's stock after acquiring an additional 286,774 shares during the period. Point72 Asset Management L.P. owned 0.21% of Vontier worth $11,731,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VNT. Norges Bank purchased a new position in Vontier in the fourth quarter worth about $64,869,000. Millennium Management LLC grew its holdings in shares of Vontier by 659.9% during the fourth quarter. Millennium Management LLC now owns 860,423 shares of the company's stock valued at $31,380,000 after buying an additional 747,196 shares during the last quarter. J. Goldman & Co LP bought a new stake in shares of Vontier during the fourth quarter valued at approximately $17,478,000. Capital World Investors raised its holdings in Vontier by 39.4% in the 4th quarter. Capital World Investors now owns 1,128,451 shares of the company's stock worth $41,155,000 after acquiring an additional 318,775 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Vontier by 58.7% in the 4th quarter. First Trust Advisors LP now owns 743,649 shares of the company's stock valued at $27,121,000 after acquiring an additional 274,997 shares in the last quarter. Institutional investors own 95.83% of the company's stock.

Insider Buying and Selling

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $36.34, for a total transaction 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 approximately $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.97% of the stock is owned by insiders.

Vontier Stock Performance

Shares of Vontier stock traded down $0.51 during trading hours on Friday, reaching $35.31. 233,991 shares of the stock traded hands, compared to its average volume of 988,871. Vontier Co. has a one year low of $27.22 and a one year high of $41.61. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 1.23 and a beta of 1.29. 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 has a 50 day moving average price of $32.65 and a 200 day moving average price of $35.90.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.06. Vontier had a net margin of 14.17% and a return on equity of 43.22%. 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 firm posted $0.74 earnings per share. The firm's revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts expect that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Announces Dividend

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

Wall Street Analysts Forecast Growth

VNT has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Citigroup dropped their price objective on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays lifted their price objective on Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Evercore ISI upped their target price on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $44.83.

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.