Barclays PLC Raises Stock Position in Vontier Co. (NYSE:VNT)

Barclays PLC lifted its holdings in shares of Vontier Co. (NYSE:VNT) by 133.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,836 shares of the company’s stock after purchasing an additional 57,728 shares during the quarter. Barclays PLC owned about 0.07% of Vontier worth $3,402,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd lifted its holdings in Vontier by 172.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 46,058 shares of the company’s stock worth $1,554,000 after buying an additional 29,178 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Vontier by 12.5% in the third quarter. MML Investors Services LLC now owns 41,282 shares of the company’s stock valued at $1,393,000 after acquiring an additional 4,595 shares in the last quarter. iSAM Funds UK Ltd boosted its holdings in Vontier by 159.9% in the third quarter. iSAM Funds UK Ltd now owns 19,207 shares of the company’s stock valued at $648,000 after purchasing an additional 11,818 shares during the period. National Bank of Canada FI grew its stake in Vontier by 12.5% during the 3rd quarter. National Bank of Canada FI now owns 4,345 shares of the company’s stock worth $147,000 after purchasing an additional 482 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Vontier by 398.4% during the 3rd quarter. Jane Street Group LLC now owns 191,285 shares of the company’s stock worth $6,454,000 after purchasing an additional 152,904 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Stock Performance

NYSE VNT opened at $36.82 on Tuesday. The company has a fifty day moving average of $37.56 and a two-hundred day moving average of $36.53. The company has a market capitalization of $5.53 billion, a PE ratio of 14.11, a P/E/G ratio of 1.85 and a beta of 1.24. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. 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 (NYSE:VNT) last announced its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The firm had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. As a group, analysts expect that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a $0.025 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.27%. Vontier’s dividend payout ratio (DPR) is 3.83%.

Wall Street Analyst Weigh In

VNT has been the subject of several recent research reports. UBS Group began coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective for the company. Citigroup boosted their price target on shares of Vontier from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a report on Thursday, December 12th. Finally, Barclays boosted their target price on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.44.

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.