63,434 Shares in Vontier Co. (NYSE:VNT) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in Vontier Co. (NYSE:VNT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 63,434 shares of the company's stock, valued at approximately $2,192,000.

A number of other institutional investors have also modified their holdings of VNT. US Bancorp DE increased its position in Vontier by 13.4% during the first quarter. US Bancorp DE now owns 11,389 shares of the company's stock worth $289,000 after purchasing an additional 1,347 shares during the last quarter. Citigroup Inc. increased its position in Vontier by 15.0% during the first quarter. Citigroup Inc. now owns 41,549 shares of the company's stock worth $1,054,000 after purchasing an additional 5,420 shares during the last quarter. MetLife Investment Management LLC increased its position in Vontier by 38.4% during the first quarter. MetLife Investment Management LLC now owns 113,425 shares of the company's stock worth $2,880,000 after purchasing an additional 31,497 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Vontier by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,959 shares of the company's stock worth $1,573,000 after purchasing an additional 5,908 shares during the last quarter. Finally, BlackRock Inc. increased its position in Vontier by 1.6% during the first quarter. BlackRock Inc. now owns 14,668,635 shares of the company's stock worth $372,436,000 after purchasing an additional 228,497 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company's stock.

Vontier Price Performance

VNT traded down $1.08 on Thursday, reaching $42.78. The company had a trading volume of 1,541,092 shares, compared to its average volume of 811,144. The company has a fifty day moving average of $41.01 and a 200-day moving average of $35.62. The company has a market capitalization of $6.58 billion, a P/E ratio of 18.21, a PEG ratio of 1.31 and a beta of 1.31. The company has a current ratio of 1.39, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44. Vontier Co. has a one year low of $25.48 and a one year high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $780.92 million. Vontier had a net margin of 12.18% and a return on equity of 60.00%. Vontier's revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 EPS. As a group, equities research analysts anticipate that Vontier Co. will post 3.15 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.23%. Vontier's dividend payout ratio (DPR) is 4.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Vontier from $37.00 to $41.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 20th. Citigroup increased their price objective on shares of Vontier from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Argus increased their price objective on shares of Vontier from $39.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, March 18th. UBS Group increased their price objective on shares of Vontier from $42.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Finally, Bank of America raised shares of Vontier from a "neutral" rating to a "buy" rating and increased their target price for the stock from $37.00 to $40.00 in a report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Vontier currently has an average rating of "Moderate Buy" and an average price target of $44.14.

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.