Aigen Investment Management LP Takes $1.09 Million Position in Vontier Co. (NYSE:VNT)

Aigen Investment Management LP bought a new position in shares of Vontier Co. (NYSE:VNT - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,303 shares of the company's stock, valued at approximately $1,090,000.

A number of other large investors have also recently added to or reduced their stakes in VNT. International Assets Investment Management LLC lifted its position in shares of Vontier by 2,976.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company's stock valued at $35,000 after acquiring an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of Vontier in the 3rd quarter valued at approximately $37,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Vontier in the 2nd quarter valued at approximately $44,000. Headlands Technologies LLC purchased a new stake in shares of Vontier in the 1st quarter valued at approximately $46,000. Finally, Covestor Ltd lifted its position in shares of Vontier by 37.1% in the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company's stock valued at $49,000 after acquiring an additional 395 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Performance

NYSE VNT traded down $0.40 during midday trading on Wednesday, hitting $39.12. The company had a trading volume of 1,161,819 shares, compared to its average volume of 804,281. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.85 and a beta of 1.25. The firm has a fifty day simple moving average of $34.59 and a two-hundred day simple moving average of $36.84. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62.

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

Vontier Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on VNT. Barclays increased their target price on shares of Vontier from $44.00 to $46.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Robert W. Baird cut their target price on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Argus downgraded shares of Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Finally, Evercore ISI cut their price target on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. 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.