Covestor Ltd Increases Stock Position in Vontier Co. (NYSE:VNT)

Covestor Ltd boosted its holdings in Vontier Co. (NYSE:VNT) by 66.8% in the 4th quarter, Holdings Channel reports. The firm owned 2,437 shares of the company’s stock after purchasing an additional 976 shares during the period. Covestor Ltd’s holdings in Vontier were worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Stifel Financial Corp boosted its stake in shares of Vontier by 2.1% during the third quarter. Stifel Financial Corp now owns 94,782 shares of the company’s stock worth $3,198,000 after buying an additional 1,967 shares during the period. Jane Street Group LLC lifted its position in Vontier by 398.4% during the 3rd quarter. Jane Street Group LLC now owns 191,285 shares of the company’s stock worth $6,454,000 after acquiring an additional 152,904 shares during the period. National Bank of Canada FI grew its stake in shares of Vontier by 12.5% in the 3rd quarter. National Bank of Canada FI now owns 4,345 shares of the company’s stock valued at $147,000 after purchasing an additional 482 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Vontier by 12.5% in the third quarter. MML Investors Services LLC now owns 41,282 shares of the company’s stock valued at $1,393,000 after purchasing an additional 4,595 shares during the period. Finally, Barclays PLC raised its stake in shares of Vontier by 133.9% during the third quarter. Barclays PLC now owns 100,836 shares of the company’s stock worth $3,402,000 after purchasing an additional 57,728 shares during the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Performance

NYSE VNT opened at $29.92 on Monday. The business has a 50 day moving average price of $34.64 and a 200 day moving average price of $36.17. The company has a market capitalization of $4.45 billion, a P/E ratio of 10.88, a PEG ratio of 1.23 and a beta of 1.28. Vontier Co. has a 1-year low of $27.22 and a 1-year high of $42.04. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The business had revenue of $776.80 million for the quarter. Sell-side analysts expect 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 was paid on Thursday, March 27th. Investors 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 dividend yield of 0.33%. Vontier’s dividend payout ratio is currently 3.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VNT shares. Barclays dropped their price objective on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Citigroup dropped their target price on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Robert W. Baird lifted their price target on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Two investment 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, Vontier has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Vontier 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.