Paloma Partners Management Co Makes New $1.06 Million Investment in Vontier Co. (NYSE:VNT)

Paloma Partners Management Co bought a new stake in shares of Vontier Co. (NYSE:VNT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,541 shares of the company's stock, valued at approximately $1,064,000.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in 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 during the last quarter. Hazlett Burt & Watson Inc. acquired a new position in Vontier in the third quarter worth approximately $37,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Vontier in the second quarter valued at $44,000. Covestor Ltd lifted its position in shares of Vontier by 37.1% during 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 during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Vontier by 32.0% during the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company's stock worth $124,000 after acquiring an additional 786 shares in the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Stock Down 1.0 %

VNT traded down $0.38 on Tuesday, reaching $38.94. 591,748 shares of the company traded hands, compared to its average volume of 808,083. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.84 and a beta of 1.24. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The stock's 50 day moving average price is $36.28 and its 200-day moving average price is $36.65. Vontier Co. has a 52-week low of $31.22 and a 52-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 for the quarter, topping analysts' consensus estimates of $0.69 by $0.04. The business had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 earnings per share. On average, sell-side 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 issued 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 dividend payout ratio is 3.83%.

Analysts Set New Price Targets

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

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.