Arrowstreet Capital Limited Partnership Acquires 137,032 Shares of Vontier Co. (NYSE:VNT)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vontier Co. (NYSE:VNT) by 11.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,362,463 shares of the company’s stock after purchasing an additional 137,032 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Vontier were worth $49,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VNT. Geode Capital Management LLC increased its stake in Vontier by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock worth $86,776,000 after acquiring an additional 18,091 shares during the period. River Road Asset Management LLC increased its position in shares of Vontier by 6.2% in the fourth quarter. River Road Asset Management LLC now owns 2,502,132 shares of the company’s stock worth $91,253,000 after purchasing an additional 145,574 shares during the period. Norges Bank acquired a new position in Vontier in the fourth quarter valued at about $64,869,000. Bank of New York Mellon Corp lifted its position in Vontier by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,506,595 shares of the company’s stock worth $54,946,000 after purchasing an additional 30,362 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Vontier by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,480,343 shares of the company’s stock worth $53,988,000 after buying an additional 5,355 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VNT has been the subject of a number of recent analyst reports. Citigroup cut their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 13th. Robert W. Baird lifted their price target on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. UBS Group began coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective for the company. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research report on Thursday, December 12th. Finally, Barclays dropped their target price on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Vontier Price Performance

Shares of VNT opened at $32.97 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The stock has a market cap of $4.90 billion, a PE ratio of 11.99, a PEG ratio of 1.23 and a beta of 1.26. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.34. The business has a 50-day simple moving average of $36.32 and a two-hundred day simple moving average of $36.43.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The company had revenue of $776.80 million during the quarter. Analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. Vontier’s dividend payout ratio is 3.64%.

Vontier 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.