D. E. Shaw & Co. Inc. Raises Holdings in Vontier Co. (NYSE:VNT)

D. E. Shaw & Co. Inc. raised its stake in Vontier Co. (NYSE:VNT) by 121.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,443 shares of the company’s stock after purchasing an additional 153,766 shares during the period. D. E. Shaw & Co. Inc. owned about 0.19% of Vontier worth $10,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Global X Japan Co. Ltd. raised its holdings in Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock valued at $27,000 after acquiring an additional 431 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock worth $83,000 after purchasing an additional 700 shares during the last quarter. Covestor Ltd grew its stake in shares of Vontier by 66.8% during the fourth quarter. Covestor Ltd now owns 2,437 shares of the company’s stock worth $89,000 after purchasing an additional 976 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Vontier during the fourth quarter worth $98,000. Finally, Colonial Trust Co SC increased its holdings in Vontier by 34.4% in the fourth quarter. Colonial Trust Co SC now owns 2,688 shares of the company’s stock valued at $98,000 after buying an additional 688 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Insider Buying and Selling at Vontier

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $36.34, for a total transaction of $266,880.96. Following the completion of the sale, the senior vice president now owns 88,248 shares in the company, valued at approximately $3,206,932.32. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.97% of the stock is currently owned by company insiders.

Vontier Stock Down 0.9%

Shares of NYSE VNT opened at $36.87 on Thursday. The business has a 50-day moving average price of $32.21 and a 200 day moving average price of $35.86. The stock has a market cap of $5.45 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29. 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 52-week low of $27.22 and a 52-week high of $41.61.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.06. The business had revenue of $741.10 million during the quarter, compared to the consensus estimate of $723.06 million. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. Equities research analysts forecast that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, June 5th. Vontier’s payout ratio is currently 4.07%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays upped their price objective on Vontier from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Citigroup lowered their price target on 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 raised their price objective on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Vontier presently has an average rating of “Moderate Buy” and an average target price of $43.67.

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.