Point72 DIFC Ltd Buys 14,219 Shares of Vontier Co. (NYSE:VNT)

Point72 DIFC Ltd increased its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 2,849.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,718 shares of the company's stock after purchasing an additional 14,219 shares during the quarter. Point72 DIFC Ltd's holdings in Vontier were worth $497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Covestor Ltd lifted its stake in Vontier by 37.1% in the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company's stock worth $49,000 after purchasing an additional 395 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Vontier by 10.9% in the third quarter. Blue Trust Inc. now owns 4,171 shares of the company's stock worth $141,000 after purchasing an additional 410 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Vontier by 3.3% in the second quarter. Ritholtz Wealth Management now owns 13,129 shares of the company's stock worth $502,000 after buying an additional 420 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in 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 buying an additional 448 shares during the last quarter. Finally, Creative Planning grew its holdings in Vontier by 2.8% during the 2nd quarter. Creative Planning now owns 17,918 shares of the company's stock valued at $684,000 after buying an additional 491 shares in the last quarter. Institutional investors own 95.83% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VNT. Argus cut Vontier from a "buy" rating to a "hold" rating in a report on Tuesday, August 20th. Barclays upped their price target 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, Evercore ISI dropped their price objective on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.50.

Vontier Trading Up 0.3 %

VNT stock traded up $0.13 during mid-day trading on Friday, reaching $38.64. 731,303 shares of the stock traded hands, compared to its average volume of 850,095. Vontier Co. has a one year low of $31.22 and a one year high of $45.62. The stock has a market capitalization of $5.80 billion, a PE ratio of 14.80, a PEG ratio of 1.83 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 business has a 50-day moving average price of $36.60 and a two-hundred day moving average price of $36.67.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings data 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. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company had revenue of $750.00 million for the quarter, compared to analyst estimates of $729.23 million. During the same period in the prior year, the company posted $0.73 EPS. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts expect that Vontier Co. will post 2.89 EPS for the current year.

Vontier Dividend Announcement

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

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.