Cinctive Capital Management LP Invests $3.94 Million in Vontier Co. (NYSE:VNT)

Cinctive Capital Management LP purchased a new position in shares of Vontier Co. (NYSE:VNT) during the fourth quarter, Holdings Channel reports. The firm purchased 107,923 shares of the company’s stock, valued at approximately $3,936,000.

A number of other institutional investors also recently bought and sold shares of the business. Townsquare Capital LLC acquired a new position in Vontier during the third quarter worth about $205,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Vontier by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 459,835 shares of the company’s stock worth $15,515,000 after purchasing an additional 3,336 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in Vontier by 18.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,094 shares of the company’s stock valued at $341,000 after purchasing an additional 1,581 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of Vontier by 55.5% during the third quarter. Benjamin Edwards Inc. now owns 12,017 shares of the company’s stock valued at $405,000 after purchasing an additional 4,288 shares during the period. Finally, Holocene Advisors LP purchased a new stake in shares of Vontier during the third quarter worth about $1,349,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Performance

Shares of VNT opened at $33.67 on Thursday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. The firm has a market cap of $5.01 billion, a P/E ratio of 12.24, a PEG ratio of 1.23 and a beta of 1.26. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.34. The firm’s 50 day moving average price is $36.22 and its two-hundred day moving average price is $36.41.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm had revenue of $776.80 million for the quarter. On average, analysts forecast that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.10 annualized dividend and a yield of 0.30%. Vontier’s dividend payout ratio is currently 3.64%.

Analysts Set New Price Targets

Several brokerages recently issued reports on VNT. Robert W. Baird raised their price objective on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Citigroup reduced their target price on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 13th. Barclays reduced their target price on Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research note on Thursday, December 12th. Finally, UBS Group began coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

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.