Vontier Co. (NYSE:VNT) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd increased its position in Vontier Co. (NYSE:VNT) by 394.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,028 shares of the company’s stock after purchasing an additional 19,962 shares during the period. XTX Topco Ltd’s holdings in Vontier were worth $956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Putnam Investments LLC grew its position in shares of Vontier by 3.2% in the 4th quarter. Putnam Investments LLC now owns 7,129,037 shares of the company’s stock worth $246,308,000 after acquiring an additional 219,321 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Vontier by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock worth $98,011,000 after purchasing an additional 277,389 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in Vontier by 2.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,943,778 shares of the company’s stock valued at $74,252,000 after purchasing an additional 44,254 shares during the last quarter. Norges Bank acquired a new stake in shares of Vontier during the fourth quarter worth $60,612,000. Finally, LSV Asset Management lifted its position in shares of Vontier by 3.7% in the 2nd quarter. LSV Asset Management now owns 1,716,847 shares of the company’s stock worth $65,584,000 after buying an additional 61,526 shares during the last quarter. 95.83% of the stock is owned by institutional investors.

Vontier Stock Down 2.3 %

Shares of Vontier stock opened at $33.24 on Friday. Vontier Co. has a 1-year low of $28.84 and a 1-year high of $45.62. The company has a market capitalization of $5.13 billion, a P/E ratio of 12.04, a PEG ratio of 1.47 and a beta of 1.28. The business’s fifty day moving average price is $35.25 and its two-hundred day moving average price is $38.90. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26.

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

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.30%. Vontier’s payout ratio is 3.62%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays lowered their price objective on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Evercore ISI dropped their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Robert W. Baird reduced their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Argus lowered 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, Vontier presently has an average rating of “Moderate Buy” and an average price target of $44.25.

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.