Xponance Inc. Increases Stock Position in Vontier Co. (NYSE:VNT)

Xponance Inc. increased its stake in shares of Vontier Co. (NYSE:VNT) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,566 shares of the company’s stock after purchasing an additional 970 shares during the period. Xponance Inc.’s holdings in Vontier were worth $641,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in Vontier by 2,814.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock worth $10,164,000 after purchasing an additional 272,166 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Vontier in the fourth quarter worth $9,363,000. Retirement Systems of Alabama increased its position in Vontier by 42.1% during the fourth quarter. Retirement Systems of Alabama now owns 705,740 shares of the company’s stock valued at $25,738,000 after acquiring an additional 209,227 shares during the last quarter. Jane Street Group LLC lifted its holdings in Vontier by 398.4% in the third quarter. Jane Street Group LLC now owns 191,285 shares of the company’s stock valued at $6,454,000 after acquiring an additional 152,904 shares during the period. Finally, Verition Fund Management LLC boosted its position in Vontier by 1,414.9% in the third quarter. Verition Fund Management LLC now owns 159,865 shares of the company’s stock worth $5,394,000 after purchasing an additional 149,312 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VNT shares. 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 research report on Thursday, December 12th. Robert W. Baird increased their price target on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Barclays boosted their price objective on shares of Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. UBS Group started coverage on Vontier in a report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price on the stock. Finally, Citigroup cut their price target on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

Vontier Trading Down 0.8 %

Shares of VNT stock opened at $34.28 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. The stock has a fifty day simple moving average of $36.75 and a two-hundred day simple moving average of $36.40. The firm has a market capitalization of $5.10 billion, a PE ratio of 12.47, a PEG ratio of 1.23 and a beta of 1.26. Vontier Co. has a 52-week low of $31.22 and a 52-week high of $45.62.

Vontier (NYSE:VNT) last released its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm had revenue of $776.80 million during the quarter. On average, analysts predict that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Thursday, March 6th. Vontier’s dividend payout ratio (DPR) is presently 3.64%.

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.