Moore Capital Management LP Takes $7.62 Million Position in Vontier Co. (NYSE:VNT)

Moore Capital Management LP bought a new position in shares of Vontier Co. (NYSE:VNT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 208,984 shares of the company's stock, valued at approximately $7,622,000. Moore Capital Management LP owned approximately 0.14% of Vontier at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Global X Japan Co. Ltd. raised its position in shares of Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after buying an additional 431 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vontier in the third quarter worth $40,000. Lazard Asset Management LLC purchased a new stake in shares of Vontier in the fourth quarter worth $73,000. Farther Finance Advisors LLC raised its position in shares of Vontier by 44.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock worth $83,000 after buying an additional 700 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Vontier by 66.8% in the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock worth $89,000 after buying an additional 976 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Price Performance

VNT traded up $0.24 during trading on Friday, reaching $37.07. The stock had a trading volume of 811,434 shares, compared to its average volume of 904,331. The business has a 50-day moving average of $32.38 and a 200-day moving average of $35.90. Vontier Co. has a one year low of $27.22 and a one year high of $41.61. The stock has a market cap of $5.48 billion, a PE ratio of 13.48, 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 data on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $741.10 million for the quarter, compared to analysts' expectations of $723.06 million. During the same period last year, the firm earned $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 anticipate that Vontier Co. will post 3.13 EPS 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 dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. Vontier's dividend payout ratio (DPR) is currently 4.07%.

Analyst Ratings Changes

A number of brokerages recently issued reports on VNT. Robert W. Baird increased their price objective on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Citigroup reduced their target price on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Barclays increased their target price on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Two equities research 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.67.

Insider Activity

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the stock in a transaction dated Monday, May 12th. The shares were 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 directly owns 88,248 shares in the company, valued at approximately $3,206,932.32. This represents 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 this hyperlink. Insiders own 0.97% of the company's stock.

Vontier Company 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.