Point72 Asia Singapore Pte. Ltd. Has $341,000 Stock Holdings in Vontier Co. (NYSE:VNT)

Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Vontier Co. (NYSE:VNT) by 18.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,094 shares of the company’s stock after purchasing an additional 1,581 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Vontier were worth $341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VNT. Cetera Investment Advisers lifted its holdings in Vontier by 94.0% in the 1st quarter. Cetera Investment Advisers now owns 42,138 shares of the company’s stock worth $1,911,000 after purchasing an additional 20,413 shares during the last quarter. Cetera Advisors LLC grew its stake in Vontier by 276.5% in the 1st quarter. Cetera Advisors LLC now owns 29,292 shares of the company’s stock valued at $1,329,000 after buying an additional 21,511 shares during the last quarter. Eldred Rock Partners LLC bought a new position in Vontier in the 2nd quarter worth $14,613,000. 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 purchasing an additional 25,919 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Vontier by 12.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 57,857 shares of the company’s stock valued at $2,210,000 after purchasing an additional 6,549 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

Analyst Ratings Changes

VNT has been the topic of a number of recent research reports. Barclays lifted their target price on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Evercore ISI cut 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. Finally, Argus cut Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

Vontier Stock Down 1.0 %

Shares of NYSE VNT opened at $38.94 on Wednesday. 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 market cap of $5.85 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62. The firm’s 50-day simple moving average is $36.28 and its 200 day simple moving average is $36.65.

Vontier (NYSE:VNT) last released its earnings results 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. The company had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.025 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. Vontier’s payout ratio is presently 3.83%.

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.