Renaissance Technologies LLC Sells 45,699 Shares of Vontier Co. (NYSE:VNT)

Renaissance Technologies LLC reduced its position in Vontier Co. (NYSE:VNT) by 4.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 960,801 shares of the company’s stock after selling 45,699 shares during the period. Renaissance Technologies LLC owned 0.63% of Vontier worth $36,703,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VNT. Putnam Investments LLC raised its position in shares of Vontier by 3.2% in the fourth quarter. Putnam Investments LLC now owns 7,129,037 shares of the company’s stock valued at $246,308,000 after purchasing an additional 219,321 shares during the period. Dimensional Fund Advisors LP raised its holdings in Vontier by 12.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock valued at $98,011,000 after acquiring an additional 277,389 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in shares of Vontier by 2.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,943,778 shares of the company’s stock worth $74,252,000 after acquiring an additional 44,254 shares in the last quarter. Norges Bank bought a new position in shares of Vontier in the fourth quarter worth $60,612,000. Finally, LSV Asset Management grew its position in shares of Vontier by 3.7% in the second quarter. LSV Asset Management now owns 1,716,847 shares of the company’s stock valued at $65,584,000 after purchasing an additional 61,526 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VNT has been the topic of a number of recent research reports. Barclays dropped their price objective on Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Evercore ISI lowered their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Robert W. Baird reduced their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Vontier Price Performance

Shares of NYSE:VNT opened at $33.22 on Thursday. Vontier Co. has a one year low of $28.84 and a one year high of $45.62. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.47 and a beta of 1.28. The company’s fifty day moving average price is $35.49 and its 200-day moving average price is $39.01.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The firm had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $746.43 million. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, equities research analysts anticipate that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, September 5th. Vontier’s payout ratio is currently 3.62%.

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.