Point72 Hong Kong Ltd Buys 37,547 Shares of Vontier Co. (NYSE:VNT)

Point72 Hong Kong Ltd grew its stake in Vontier Co. (NYSE:VNT) by 19,555.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,739 shares of the company’s stock after buying an additional 37,547 shares during the period. Point72 Hong Kong Ltd’s holdings in Vontier were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd increased its position in 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 purchasing an additional 395 shares during the period. Blue Trust Inc. increased its position in shares of Vontier by 10.9% during the third 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 raised its stake in Vontier by 3.3% during 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 during the last quarter. Benjamin Edwards Inc. lifted its holdings in Vontier by 6.2% in 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 period. Finally, Creative Planning boosted its position in Vontier by 2.8% during the second quarter. Creative Planning now owns 17,918 shares of the company’s stock valued at $684,000 after acquiring an additional 491 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Up 0.2 %

Shares of NYSE VNT opened at $39.26 on Monday. 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 company has a 50-day moving average price of $36.04 and a 200-day moving average price of $36.67. The stock has a market capitalization of $5.90 billion, a P/E ratio of 15.04, a P/E/G ratio of 1.84 and a beta of 1.25. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62.

Vontier (NYSE:VNT) last issued its quarterly earnings data 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 firm had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. During the same period in the previous year, the company posted $0.73 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts forecast that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

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

Wall Street Analyst Weigh In

VNT has been the subject of several research analyst reports. Evercore ISI lowered their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Barclays lifted 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.50.

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.