Hudson Bay Capital Management LP Raises Position in Vontier Co. (NYSE:VNT)

Hudson Bay Capital Management LP increased its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227,519 shares of the company's stock after acquiring an additional 48,562 shares during the period. Hudson Bay Capital Management LP owned about 0.15% of Vontier worth $8,298,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in VNT. Global X Japan Co. Ltd. raised its stake 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 acquiring an additional 431 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Vontier in the third quarter valued at approximately $40,000. Farther Finance Advisors LLC increased its stake in Vontier by 44.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company's stock valued at $83,000 after purchasing an additional 700 shares in the last quarter. Covestor Ltd increased its stake in Vontier by 66.8% in the fourth quarter. Covestor Ltd now owns 2,437 shares of the company's stock valued at $89,000 after purchasing an additional 976 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in Vontier in the fourth quarter valued at approximately $98,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Performance

Shares of VNT traded up $0.24 during trading hours on Friday, hitting $37.07. The company had a trading volume of 811,434 shares, compared to its average volume of 903,913. Vontier Co. has a 12 month low of $27.22 and a 12 month high of $41.61. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.23 and a beta of 1.29. The business has a fifty day moving average of $32.38 and a 200-day moving average of $35.91. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.06. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The company had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. During the same period last year, the company posted $0.74 EPS. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Vontier Co. will post 3.13 EPS for the current fiscal 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. The ex-dividend date is Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. Vontier's dividend payout ratio is currently 4.07%.

Analyst Ratings Changes

Several research analysts have recently weighed in on VNT shares. Barclays upped their price target on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Citigroup reduced their price target on shares of Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird upped their price target on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $43.67.

Insider Activity at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier stock in a transaction on Monday, May 12th. The shares were sold at an average price of $36.34, for a total transaction of $266,880.96. Following the transaction, the senior vice president now directly owns 88,248 shares of the company's stock, valued at $3,206,932.32. The trade was a 7.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.97% of the stock is currently owned by insiders.

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.