Trexquant Investment LP Buys New Shares in Vontier Co. (NYSE:VNT)

Trexquant Investment LP bought a new stake in shares of Vontier Co. (NYSE:VNT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 71,906 shares of the company’s stock, valued at approximately $2,484,000.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Vontier by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 16,477,275 shares of the company’s stock valued at $509,477,000 after purchasing an additional 264,884 shares during the last quarter. FMR LLC raised its stake in Vontier by 25.8% during the 3rd quarter. FMR LLC now owns 13,493,831 shares of the company’s stock valued at $417,229,000 after purchasing an additional 2,767,188 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Vontier by 0.5% in the 4th quarter. Mackenzie Financial Corp now owns 2,330,550 shares of the company’s stock valued at $80,521,000 after buying an additional 12,186 shares during the period. Corient Private Wealth LLC increased its holdings in Vontier by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 2,289,016 shares of the company’s stock valued at $79,086,000 after buying an additional 22,029 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Vontier by 3.4% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,258,246 shares of the company’s stock valued at $69,825,000 after buying an additional 75,111 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Up 1.0 %

VNT opened at $40.39 on Friday. The firm’s 50-day simple moving average is $41.82 and its 200-day simple moving average is $38.25. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.23 and a current ratio of 1.57. Vontier Co. has a twelve month low of $28.71 and a twelve month high of $45.62. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.18 and a beta of 1.33.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. Vontier had a net margin of 14.02% and a return on equity of 54.84%. The business had revenue of $755.80 million for the quarter, compared to analyst estimates of $754.50 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities research analysts anticipate that Vontier Co. will post 3.15 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 6th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Thursday, June 6th. Vontier’s dividend payout ratio is currently 3.62%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VNT. UBS Group boosted their price target on shares of Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 16th. Evercore ISI boosted their price target on shares of Vontier from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Citigroup boosted their price target on shares of Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a report on Monday, April 8th. Argus boosted their price target on shares of Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, The Goldman Sachs Group boosted their price target on shares of Vontier from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Vontier presently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

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.