Point72 Asset Management L.P. Makes New $1.18 Million Investment in Vontier Co. (NYSE:VNT)

Point72 Asset Management L.P. purchased a new position in shares of Vontier Co. (NYSE:VNT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,900 shares of the company's stock, valued at approximately $1,178,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Covestor Ltd raised its stake in Vontier by 37.1% during the third quarter. Covestor Ltd now owns 1,461 shares of the company's stock worth $49,000 after purchasing an additional 395 shares during the period. Blue Trust Inc. raised its position in shares of Vontier by 10.9% during the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company's stock valued at $141,000 after buying an additional 410 shares during the period. Ritholtz Wealth Management lifted its holdings in Vontier by 3.3% in the second quarter. Ritholtz Wealth Management now owns 13,129 shares of the company's stock valued at $502,000 after acquiring an additional 420 shares during the last quarter. Benjamin Edwards Inc. grew its position in Vontier by 6.2% in the second quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company's stock worth $295,000 after acquiring an additional 448 shares during the period. Finally, Creative Planning raised its position in Vontier by 2.8% in the second quarter. Creative Planning now owns 17,918 shares of the company's stock valued at $684,000 after purchasing an additional 491 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Stock Performance

VNT traded up $0.19 during trading on Wednesday, hitting $39.34. The stock had a trading volume of 360,261 shares, compared to its average volume of 803,094. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. The firm has a market capitalization of $5.91 billion, a P/E ratio of 15.01, a PEG ratio of 1.81 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 company's 50-day moving average price is $36.81 and its 200 day moving average price is $36.60.

Vontier (NYSE:VNT - Get Free Report) last released its 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 analysts' expectations of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. On average, equities research analysts forecast that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. Vontier's dividend payout ratio (DPR) is presently 3.83%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on VNT shares. UBS Group began coverage on Vontier in a research report on Tuesday. They set a "buy" rating and a $47.00 price objective for the company. Citigroup lifted their price target on shares of Vontier from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Monday. Barclays upped their price objective on shares of Vontier from $44.00 to $46.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. 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. 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 data from MarketBeat.com, Vontier presently has a consensus rating of "Moderate Buy" and an average target price of $44.00.

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.