Wealthfront Advisers LLC Invests $98,000 in Vontier Co. (NYSE:VNT)

Wealthfront Advisers LLC purchased a new position in shares of Vontier Co. (NYSE:VNT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,683 shares of the company’s stock, valued at approximately $98,000.

A number of other hedge funds have also made changes to their positions in the stock. Bailard Inc. grew its position in shares of Vontier by 0.6% during the fourth quarter. Bailard Inc. now owns 61,207 shares of the company’s stock worth $2,232,000 after buying an additional 356 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Vontier by 9.7% in the third quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock worth $154,000 after purchasing an additional 404 shares during the period. Global X Japan Co. Ltd. boosted 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 worth $27,000 after purchasing an additional 431 shares during the period. National Bank of Canada FI boosted its holdings in Vontier by 12.5% in the third quarter. National Bank of Canada FI now owns 4,345 shares of the company’s stock worth $147,000 after purchasing an additional 482 shares during the period. Finally, Principal Securities Inc. boosted its holdings in Vontier by 12.8% in the fourth quarter. Principal Securities Inc. now owns 4,636 shares of the company’s stock worth $169,000 after purchasing an additional 526 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Price Performance

Shares of NYSE VNT opened at $33.47 on Tuesday. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The firm’s 50-day simple moving average is $37.01 and its 200 day simple moving average is $36.39. 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 stock has a market cap of $4.98 billion, a P/E ratio of 12.17, a P/E/G ratio of 1.23 and a beta of 1.26.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates 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. Equities analysts expect that Vontier Co. will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Thursday, March 6th. Vontier’s payout ratio is 3.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group assumed coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective for the company. Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Thursday, December 12th. Barclays boosted their price target on shares of Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Citigroup reduced their price target 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. Finally, Robert W. Baird boosted their price target on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and a consensus price target of $45.43.

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.