Y Intercept Hong Kong Ltd Purchases 29,178 Shares of Vontier Co. (NYSE:VNT)

Y Intercept Hong Kong Ltd increased its holdings in shares of Vontier Co. (NYSE:VNT - Free Report) by 172.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,058 shares of the company's stock after buying an additional 29,178 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Vontier were worth $1,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of Vontier by 651.9% during the 2nd quarter. SG Americas Securities LLC now owns 29,895 shares of the company's stock worth $1,142,000 after buying an additional 25,919 shares during the last quarter. Wedge Capital Management L L P NC raised its position in Vontier by 18.5% in the third quarter. Wedge Capital Management L L P NC now owns 374,117 shares of the company's stock valued at $12,623,000 after purchasing an additional 58,362 shares during the last quarter. Stanley Capital Management LLC bought a new position in Vontier in the second quarter valued at about $17,954,000. Cornercap Investment Counsel Inc. bought a new position in Vontier in the second quarter valued at about $1,060,000. Finally, Mackenzie Financial Corp raised its position in Vontier by 9.8% in the second quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company's stock valued at $97,078,000 after purchasing an additional 227,388 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on VNT. Citigroup increased their target price on Vontier from $44.00 to $46.00 and gave the company a "buy" rating in a research report on Monday. UBS Group began coverage on Vontier in a research report on Tuesday. They issued a "buy" rating and a $47.00 target price for the company. Evercore ISI dropped their target price on Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. Barclays increased their target price on Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, Argus cut Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Vontier has a consensus rating of "Moderate Buy" and a consensus target price of $44.00.

Vontier Trading Down 0.0 %

Shares of VNT stock traded down $0.01 on Wednesday, hitting $39.14. The company had a trading volume of 823,146 shares, compared to its average volume of 805,074. The firm has a market cap of $5.88 billion, a P/E ratio of 15.01, a P/E/G ratio of 1.81 and a beta of 1.24. The stock's 50-day moving average is $36.81 and its two-hundred day moving average is $36.60. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping 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 business had revenue of $750.00 million during the quarter, compared to analysts' expectations of $729.23 million. During the same quarter last year, the firm posted $0.73 earnings per share. The firm's revenue was down 2.0% on a year-over-year basis. On average, equities research analysts anticipate 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. Investors of record on Thursday, November 21st will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.26%. 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.