Verition Fund Management LLC Raises Holdings in Vontier Co. (NYSE:VNT)

Verition Fund Management LLC raised its position in Vontier Co. (NYSE:VNT - Free Report) by 1,414.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,865 shares of the company's stock after buying an additional 149,312 shares during the quarter. Verition Fund Management LLC owned about 0.11% of Vontier worth $5,394,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd boosted its position in Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company's stock worth $49,000 after buying an additional 395 shares during the period. Blue Trust Inc. grew 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 worth $141,000 after buying an additional 410 shares during the period. Ritholtz Wealth Management grew its stake in shares of Vontier by 3.3% in the 2nd quarter. Ritholtz Wealth Management now owns 13,129 shares of the company's stock valued at $502,000 after buying an additional 420 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of Vontier by 6.2% during the second quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company's stock valued at $295,000 after acquiring an additional 448 shares in the last quarter. Finally, Creative Planning raised its position in shares of Vontier by 2.8% during the second quarter. Creative Planning now owns 17,918 shares of the company's stock worth $684,000 after purchasing an additional 491 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Performance

Shares of Vontier stock traded down $0.38 during trading hours on Tuesday, reaching $38.94. 591,748 shares of the stock traded hands, compared to its average volume of 808,083. Vontier Co. has a one year low of $31.22 and a one year high of $45.62. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.84 and a beta of 1.24. 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 company has a 50 day moving average price of $36.28 and a 200 day moving average price of $36.65.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business had revenue of $750.00 million during the quarter, compared to analysts' expectations of $729.23 million. During the same quarter in the prior year, the business posted $0.73 earnings per share. The business'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 earnings per share for the current fiscal year.

Vontier Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Evercore ISI decreased their price objective on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Argus lowered shares of Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Finally, Barclays increased their price target on shares of Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average 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.