Park Avenue Securities LLC Buys 715 Shares of Vontier Co. (NYSE:VNT)

Park Avenue Securities LLC increased its stake in shares of Vontier Co. (NYSE:VNT) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,011 shares of the company’s stock after purchasing an additional 715 shares during the quarter. Park Avenue Securities LLC’s holdings in Vontier were worth $329,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its stake in shares of Vontier by 2,976.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after acquiring an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new position in Vontier in the 3rd quarter worth about $37,000. Wilmington Savings Fund Society FSB acquired a new position in Vontier in the 3rd quarter worth about $40,000. Covestor Ltd raised its position in Vontier by 37.1% in the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after purchasing an additional 395 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Vontier by 10.9% during the third quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock valued at $141,000 after purchasing an additional 410 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VNT. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a report on Thursday, December 12th. UBS Group initiated coverage on shares of Vontier in a report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price target on the stock. Citigroup decreased their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Barclays cut their target price on Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.63.

Vontier Stock Performance

Shares of Vontier stock opened at $38.57 on Friday. The business has a 50-day moving average price of $37.75 and a two-hundred day moving average price of $36.27. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. The company has a market cap of $5.79 billion, a P/E ratio of 14.78, a PEG ratio of 1.73 and a beta of 1.26.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The business had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 earnings per share. As a group, analysts anticipate that Vontier Co. will post 2.88 EPS for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, November 21st. Vontier’s payout ratio is 3.83%.

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.