Oak Thistle LLC Invests $838,000 in Vontier Co. (NYSE:VNT)

Oak Thistle LLC bought a new position in shares of Vontier Co. (NYSE:VNT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,977 shares of the company's stock, valued at approximately $838,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VNT. Nordea Investment Management AB grew its stake in shares of Vontier by 5.4% in the 4th quarter. Nordea Investment Management AB now owns 179,906 shares of the company's stock valued at $6,581,000 after purchasing an additional 9,213 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vontier during the third quarter worth $40,000. Sanctuary Advisors LLC purchased a new position in Vontier in the 3rd quarter valued at $505,000. TD Private Client Wealth LLC increased its stake in Vontier by 9.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company's stock valued at $154,000 after buying an additional 404 shares during the period. Finally, Geode Capital Management LLC increased its stake in Vontier by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company's stock valued at $86,776,000 after buying an additional 18,091 shares during the period. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Price Performance

Shares of VNT stock traded up $0.38 during midday trading on Thursday, reaching $37.20. 543,948 shares of the company traded hands, compared to its average volume of 600,313. The firm's 50 day simple moving average is $37.95 and its two-hundred day simple moving average is $36.27. The firm has a market cap of $5.59 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62.

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

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, November 21st. Vontier's dividend payout ratio (DPR) is presently 3.83%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays lowered their target price on shares of Vontier from $46.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Citigroup reduced their price objective on shares of Vontier from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Monday. Wolfe Research upgraded Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 target price on the stock in a research report on Thursday, December 12th. Finally, UBS Group assumed coverage on Vontier in a report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price target for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $44.63.

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.