Millennium Management LLC Grows Stock Holdings in Vontier Co. (NYSE:VNT)

Millennium Management LLC lifted its position in shares of Vontier Co. (NYSE:VNT - Free Report) by 659.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 860,423 shares of the company's stock after buying an additional 747,196 shares during the quarter. Millennium Management LLC owned approximately 0.57% of Vontier worth $31,380,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VNT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Vontier during the 4th quarter worth about $9,280,000. Moore Capital Management LP purchased a new stake in shares of Vontier in the 4th quarter worth approximately $7,622,000. Lazard Asset Management LLC bought a new position in shares of Vontier during the fourth quarter valued at approximately $73,000. Lighthouse Investment Partners LLC bought a new position in shares of Vontier during the fourth quarter valued at approximately $2,371,000. Finally, J. Goldman & Co LP purchased a new position in Vontier during the fourth quarter valued at approximately $17,478,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on VNT. Robert W. Baird upped 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 decreased their price objective on Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Barclays raised their price objective on 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 boosted their target price on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.83.

Vontier Stock Up 0.3%

Shares of VNT traded up $0.12 during midday trading on Thursday, hitting $35.76. 737,542 shares of the company's stock traded hands, compared to its average volume of 906,376. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29. Vontier Co. has a 1 year low of $27.22 and a 1 year high of $41.61. The firm's fifty day moving average is $32.61 and its 200-day moving average is $35.91.

Vontier (NYSE:VNT - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. The company had revenue of $741.10 million for 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 quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. As a group, sell-side analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

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

Insider Buying and Selling

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 shares were sold at an average price of $36.34, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.97% of the stock is owned by company insiders.

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.