Paloma Partners Management Co Makes New Investment in Vontier Co. (NYSE:VNT)

Paloma Partners Management Co purchased a new stake in Vontier Co. (NYSE:VNT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 31,541 shares of the company’s stock, valued at approximately $1,064,000.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after buying an additional 1,012 shares during the period. Hazlett Burt & Watson Inc. bought a new position in shares of Vontier during the third quarter worth about $37,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Vontier in the second quarter worth approximately $44,000. Covestor Ltd boosted its holdings 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 acquiring an additional 395 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Vontier by 32.0% during the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock valued at $124,000 after purchasing an additional 786 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Performance

VNT opened at $39.31 on Tuesday. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 1.84 and a beta of 1.24. The company’s fifty day moving average price is $36.04 and its two-hundred day moving average price is $36.67. 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.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.04. The business had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 EPS. On average, analysts expect that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier’s payout ratio is currently 3.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays upped their price objective on shares of Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Evercore ISI decreased their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Argus downgraded Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

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.