Redwood Investment Management LLC Takes Position in Vontier Co. (NYSE:VNT)

Redwood Investment Management LLC bought a new stake in Vontier Co. (NYSE:VNT) during the fourth quarter, HoldingsChannel.com reports. The fund bought 39,270 shares of the company’s stock, valued at approximately $1,432,000.

Several other large investors have also recently bought and sold shares of the stock. Point72 Asset Management L.P. raised its holdings in Vontier by 821.7% in the 4th quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company’s stock valued at $11,731,000 after acquiring an additional 286,774 shares during the period. Quantinno Capital Management LP raised its holdings in Vontier by 29.4% in the 4th quarter. Quantinno Capital Management LP now owns 68,548 shares of the company’s stock valued at $2,500,000 after acquiring an additional 15,554 shares during the period. Man Group plc raised its holdings in Vontier by 4.8% in the 4th quarter. Man Group plc now owns 109,381 shares of the company’s stock valued at $3,989,000 after acquiring an additional 4,964 shares during the period. Nomura Holdings Inc. bought a new position in Vontier in the 4th quarter valued at about $727,000. Finally, Millennium Management LLC raised its holdings in Vontier by 659.9% in the 4th quarter. Millennium Management LLC now owns 860,423 shares of the company’s stock valued at $31,380,000 after acquiring an additional 747,196 shares during the period. 95.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays increased their price target on shares of Vontier from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Robert W. Baird increased their price target on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Finally, Citigroup dropped their price target on Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and an average price target of $43.67.

Vontier Stock Performance

Shares of Vontier stock opened at $36.82 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The business has a 50-day moving average price of $32.29 and a two-hundred day moving average price of $35.88. Vontier Co. has a 1-year low of $27.22 and a 1-year high of $41.61. The company has a market cap of $5.45 billion, a P/E ratio of 13.39, a PEG ratio of 1.23 and a beta of 1.29.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.71 by $0.06. The company had revenue of $741.10 million during the quarter, compared to the consensus estimate of $723.06 million. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. As a group, analysts anticipate that Vontier Co. will post 3.13 EPS for the current year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. Vontier’s dividend payout ratio (DPR) is currently 4.07%.

Insider Buying and Selling at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $36.34, for a total transaction of $266,880.96. Following the completion of the transaction, the senior vice president now owns 88,248 shares in the company, valued at approximately $3,206,932.32. The trade was a 7.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.97% of the company’s stock.

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.