Twinbeech Capital LP Boosts Holdings in Vontier Co. (NYSE:VNT)

Twinbeech Capital LP raised its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 65.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,891 shares of the company's stock after acquiring an additional 39,455 shares during the period. Twinbeech Capital LP owned about 0.07% of Vontier worth $3,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Vontier by 2,814.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company's stock valued at $10,164,000 after purchasing an additional 272,166 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Vontier during the fourth quarter valued at approximately $508,000. Wolverine Asset Management LLC purchased a new stake in shares of Vontier during the fourth quarter valued at approximately $2,918,000. Oppenheimer Asset Management Inc. boosted its stake in shares of Vontier by 48.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company's stock valued at $888,000 after purchasing an additional 7,909 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Vontier by 14.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 78,201 shares of the company's stock valued at $2,852,000 after purchasing an additional 9,833 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Vontier Trading Down 1.4%

VNT stock traded down $0.52 on Friday, reaching $35.29. The company's stock had a trading volume of 541,753 shares, compared to its average volume of 908,566. The business has a fifty day simple moving average of $32.69 and a two-hundred day simple moving average of $35.88. Vontier Co. has a 12-month low of $27.22 and a 12-month high of $41.61. The firm has a market cap of $5.22 billion, a PE ratio of 12.83, a PEG ratio of 1.23 and a beta of 1.29. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51.

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, topping analysts' consensus estimates of $0.71 by $0.06. The company had revenue of $741.10 million during the quarter, compared to analyst estimates of $723.06 million. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm's revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. As a group, research analysts forecast that Vontier Co. will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.28%. The ex-dividend date is Thursday, June 5th. Vontier's dividend payout ratio is currently 4.07%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the firm's stock in a transaction on 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 transaction, the senior vice president now owns 88,248 shares of the company's stock, 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 filing with the SEC, which can be accessed through this link. 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.