Aigen Investment Management LP Trims Stock Holdings in Vontier Co. (NYSE:VNT)

Aigen Investment Management LP trimmed its holdings in Vontier Co. (NYSE:VNT) by 69.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,863 shares of the company’s stock after selling 22,440 shares during the quarter. Aigen Investment Management LP’s holdings in Vontier were worth $360,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its holdings in shares of Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock worth $27,000 after buying an additional 431 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Vontier by 2,976.5% in the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after buying an additional 1,012 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vontier in the third quarter worth approximately $40,000. Covestor Ltd raised its holdings in shares of Vontier by 37.1% in the third 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. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Vontier in the fourth quarter worth approximately $99,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Citigroup dropped their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Thursday, December 12th. Barclays increased their price objective on Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Robert W. Baird increased their price objective on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Finally, UBS Group assumed coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.43.

Vontier Stock Performance

Shares of VNT opened at $33.60 on Friday. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62. The stock has a fifty day moving average price of $37.45 and a 200-day moving average price of $36.46. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The firm has a market cap of $5.00 billion, a PE ratio of 12.22, a P/E/G ratio of 1.23 and a beta of 1.26.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $776.80 million during the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. Equities research analysts predict that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. Vontier’s dividend payout ratio (DPR) is 3.64%.

About Vontier

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.