Lighthouse Investment Partners LLC acquired a new position in shares of Vontier Co. (NYSE:VNT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 65,000 shares of the company's stock, valued at approximately $2,371,000.
Several other large investors also recently bought and sold shares of VNT. Norges Bank purchased a new stake in shares of Vontier in the fourth quarter valued at approximately $64,869,000. J. Goldman & Co LP purchased a new stake in shares of Vontier in the fourth quarter valued at approximately $17,478,000. Capital World Investors grew its position in shares of Vontier by 39.4% in the fourth quarter. Capital World Investors now owns 1,128,451 shares of the company's stock valued at $41,155,000 after purchasing an additional 318,775 shares in the last quarter. First Trust Advisors LP grew its position in shares of Vontier by 58.7% in the fourth quarter. First Trust Advisors LP now owns 743,649 shares of the company's stock valued at $27,121,000 after purchasing an additional 274,997 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Vontier by 2,814.5% in 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 in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Citigroup dropped their price target on Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays upped their price objective on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, Robert W. Baird upped their price objective on Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $43.67.
Get Our Latest Analysis on Vontier
Vontier Trading Up 0.6%
NYSE:VNT traded up $0.24 during trading hours on Friday, reaching $37.07. 811,434 shares of the stock were exchanged, compared to its average volume of 904,331. 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 moving average of $32.38 and a two-hundred day moving average of $35.90. Vontier Co. has a twelve month low of $27.22 and a twelve month high of $41.61. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.23 and a beta of 1.29.
Vontier (NYSE:VNT - Get Free Report) last released 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. 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 analysts' expectations of $723.06 million. During the same period in the prior year, the firm earned $0.74 earnings per share. The firm's revenue was down 1.9% compared to the same quarter last year. On average, equities analysts predict that Vontier Co. will post 3.13 EPS for the current year.
Vontier Dividend Announcement
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. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Thursday, June 5th. Vontier's payout ratio is currently 4.07%.
Insider Activity
In other news, SVP Kathryn K. Rowen sold 7,344 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $36.34, for a total value of $266,880.96. Following the sale, the senior vice president now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.97% of the company's stock.
Vontier Profile
(
Free Report)
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.
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