Lighthouse Investment Partners LLC Invests $2.37 Million in Vontier Co. (NYSE:VNT)

Lighthouse Investment Partners LLC bought a new position in Vontier Co. (NYSE:VNT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 65,000 shares of the company’s stock, valued at approximately $2,371,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in Vontier by 2,814.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock worth $10,164,000 after acquiring an additional 272,166 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Vontier in the fourth quarter worth $508,000. Integrated Investment Consultants LLC grew its position in Vontier by 14.7% in the fourth quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company’s stock worth $2,461,000 after acquiring an additional 8,657 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Vontier in the fourth quarter worth $2,918,000. Finally, Oppenheimer Asset Management Inc. grew its position in Vontier by 48.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company’s stock worth $888,000 after acquiring an additional 7,909 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Stock Performance

NYSE VNT opened at $37.18 on Wednesday. The company has a 50-day simple moving average of $32.15 and a two-hundred day simple moving average of $35.85. 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 Co. has a 12-month low of $27.22 and a 12-month high of $41.61. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.23 and a beta of 1.29.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. The company had revenue of $741.10 million during the quarter, compared to analyst estimates of $723.06 million. Vontier had a net margin of 14.17% and a return on equity of 43.22%. Vontier’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. On average, equities analysts forecast that Vontier Co. will post 3.13 EPS for the current year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors 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%. Vontier’s payout ratio is presently 4.07%.

Analyst Ratings Changes

Several brokerages recently issued reports on VNT. Robert W. Baird upped their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Citigroup cut their price target on shares of Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Barclays upped their price target on shares of Vontier from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Two 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 an average price target of $43.67.

Insider Buying and Selling

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,206,932.32. This trade represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.97% of the stock is owned by insiders.

About Vontier

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.