Cwm LLC Acquires 843 Shares of Vontier Co. (NYSE:VNT)

Cwm LLC raised its position in Vontier Co. (NYSE:VNT) by 78.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,911 shares of the company’s stock after buying an additional 843 shares during the period. Cwm LLC’s holdings in Vontier were worth $66,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Olstein Capital Management L.P. acquired a new position in Vontier in the fourth quarter valued at about $3,662,000. Assenagon Asset Management S.A. acquired a new position in Vontier in the fourth quarter valued at about $2,192,000. Mutual of America Capital Management LLC boosted its position in Vontier by 71.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company’s stock valued at $5,949,000 after buying an additional 71,515 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Vontier by 89.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company’s stock valued at $1,678,000 after buying an additional 25,632 shares in the last quarter. Finally, Segment Wealth Management LLC acquired a new position in Vontier in the fourth quarter valued at about $900,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Trading Down 1.5 %

Shares of NYSE VNT opened at $40.56 on Thursday. The company’s 50 day simple moving average is $42.54 and its 200 day simple moving average is $37.39. Vontier Co. has a fifty-two week low of $27.21 and a fifty-two week high of $45.62. The firm has a market capitalization of $6.26 billion, a P/E ratio of 14.70, a P/E/G ratio of 1.15 and a beta of 1.33. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.57 and a quick ratio of 1.23.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Vontier had a net margin of 14.02% and a return on equity of 54.84%. The business had revenue of $755.80 million for the quarter, compared to analyst estimates of $754.50 million. During the same period in the prior year, the business posted $0.68 earnings per share. Vontier’s revenue was down 2.7% compared to the same quarter last year. On average, analysts predict that Vontier Co. will post 3.15 EPS for the current year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.25%. The ex-dividend date was Wednesday, March 6th. Vontier’s payout ratio is presently 3.62%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Evercore ISI upped their target price on shares of Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Citigroup upped their target price on shares of Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Bank of America upgraded shares of Vontier from a “neutral” rating to a “buy” rating and upped their target price for the stock from $37.00 to $40.00 in a research report on Thursday, January 11th. Finally, Argus upped their target price on shares of Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. One analyst has rated the stock with a hold rating and six 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 $45.00.

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.