Quantbot Technologies LP Buys 36,407 Shares of Vontier Co. (NYSE:VNT)

Quantbot Technologies LP increased its position in Vontier Co. (NYSE:VNT) by 1,071.7% in the third quarter, Holdings Channel.com reports. The fund owned 39,804 shares of the company’s stock after acquiring an additional 36,407 shares during the quarter. Quantbot Technologies LP’s holdings in Vontier were worth $1,343,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Boston Partners bought a new position in Vontier in the 1st quarter worth about $1,231,000. SG Americas Securities LLC raised its stake in Vontier by 651.9% in the second quarter. SG Americas Securities LLC now owns 29,895 shares of the company’s stock valued at $1,142,000 after purchasing an additional 25,919 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in Vontier by 18.5% during 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 purchased a new position in Vontier in the 2nd quarter worth approximately $17,954,000. Finally, Cornercap Investment Counsel Inc. bought a new position in shares of Vontier in the 2nd quarter worth $1,060,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VNT shares. Barclays lifted their price objective on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Evercore ISI cut their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Argus downgraded Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Vontier has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Vontier Price Performance

VNT opened at $39.26 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The stock’s 50 day simple moving average is $36.04 and its 200 day simple moving average is $36.69. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 1.83 and a beta of 1.25.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The company had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS. As a group, analysts predict that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Announces Dividend

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 $0.025 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. 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.