Point72 Asia Singapore Pte. Ltd. Sells 2,619 Shares of Vontier Co. (NYSE:VNT)

Point72 Asia Singapore Pte. Ltd. lessened its stake in Vontier Co. (NYSE:VNT) by 25.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,475 shares of the company’s stock after selling 2,619 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Vontier were worth $273,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Vontier during the 4th quarter worth $64,869,000. Millennium Management LLC grew its holdings in Vontier by 659.9% during the 4th quarter. Millennium Management LLC now owns 860,423 shares of the company’s stock worth $31,380,000 after acquiring an additional 747,196 shares during the period. J. Goldman & Co LP acquired a new stake in Vontier during the 4th quarter worth $17,478,000. Capital World Investors grew its holdings in Vontier by 39.4% during the 4th quarter. Capital World Investors now owns 1,128,451 shares of the company’s stock worth $41,155,000 after acquiring an additional 318,775 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in Vontier by 821.7% during the 4th quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company’s stock worth $11,731,000 after acquiring an additional 286,774 shares during the period. Institutional investors own 95.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on VNT shares. Robert W. Baird lifted their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Citigroup lowered their target price 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, Barclays lifted their target price on shares of Vontier from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.67.

Vontier Price Performance

Shares of VNT stock opened at $36.82 on Friday. Vontier Co. has a 12-month low of $27.22 and a 12-month high of $41.61. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 13.39, 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. The firm has a fifty day moving average of $32.29 and a 200-day moving average of $35.88.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $723.06 million. During the same quarter in the previous year, the business earned $0.74 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. On average, equities research analysts forecast that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Thursday, June 5th. Vontier’s dividend payout ratio (DPR) is 4.07%.

Insider Activity

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the transaction, the senior vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is owned by company insiders.

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.