Wolverine Asset Management LLC Purchases New Position in Vontier Co. (NYSE:VNT)

Wolverine Asset Management LLC bought a new position in Vontier Co. (NYSE:VNT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,000 shares of the company's stock, valued at approximately $726,000.

Several other hedge funds have also recently modified their holdings of the stock. Olstein Capital Management L.P. purchased a new stake in Vontier during the fourth quarter valued at $3,662,000. Assenagon Asset Management S.A. purchased a new stake in Vontier during the fourth quarter valued at $2,192,000. Mutual of America Capital Management LLC raised its stake in Vontier by 71.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company's stock valued at $5,949,000 after purchasing an additional 71,515 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in Vontier by 89.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company's stock valued at $1,678,000 after acquiring an additional 25,632 shares during the last quarter. Finally, Segment Wealth Management LLC bought a new position in Vontier during the fourth quarter valued at $900,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Evercore ISI boosted their price objective on shares of Vontier from $40.00 to $47.00 and gave the company an "outperform" rating in a research report on Tuesday, February 20th. UBS Group upped their price target on shares of Vontier from $42.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, February 16th. The Goldman Sachs Group upped their price objective on shares of Vontier from $37.00 to $41.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 20th. Citigroup upped their price objective on shares of Vontier from $45.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Finally, Bank of America raised shares of Vontier from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $37.00 to $40.00 in a research note on Thursday, January 11th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

Vontier Stock Up 1.1 %

Shares of VNT stock traded up $0.44 during mid-day trading on Friday, hitting $41.22. 417,935 shares of the stock traded hands, compared to its average volume of 666,292. The stock has a market cap of $6.37 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.19 and a beta of 1.31. The stock's fifty day moving average is $42.75 and its two-hundred day moving average is $36.88. Vontier Co. has a 52-week low of $26.28 and a 52-week high of $45.62. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.39 and a quick ratio of 1.08.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The business 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%. The company's quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 earnings per share. Equities analysts predict that Vontier Co. will post 3.15 EPS for the current year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Wednesday, March 6th. Vontier's payout ratio is currently 4.15%.

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.