Holocene Advisors LP Makes New Investment in Vontier Co. (NYSE:VNT)

Holocene Advisors LP purchased a new stake in Vontier Co. (NYSE:VNT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 39,984 shares of the company's stock, valued at approximately $1,349,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its position in shares of Vontier by 651.9% during the second quarter. SG Americas Securities LLC now owns 29,895 shares of the company's stock worth $1,142,000 after purchasing an additional 25,919 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Vontier by 18.5% during the third quarter. Wedge Capital Management L L P NC now owns 374,117 shares of the company's stock worth $12,623,000 after purchasing an additional 58,362 shares during the period. Stanley Capital Management LLC purchased a new stake in Vontier in the 2nd quarter valued at $17,954,000. Cornercap Investment Counsel Inc. purchased a new stake in Vontier in the 2nd quarter valued at $1,060,000. Finally, Mackenzie Financial Corp raised its position in Vontier by 9.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company's stock valued at $97,078,000 after buying an additional 227,388 shares during the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Stock Performance

NYSE:VNT traded up $0.13 during trading on Friday, reaching $38.64. The company's stock had a trading volume of 731,303 shares, compared to its average volume of 850,095. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The firm has a 50 day moving average of $36.60 and a 200-day moving average of $36.67. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.04. The firm had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. Research analysts expect that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier's payout ratio is 3.83%.

Wall Street Analyst Weigh In

VNT has been the subject of a number of analyst reports. Barclays increased their price target on Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Evercore ISI lowered their price target on Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. Finally, Argus lowered Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.50.

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.