21,000 Shares in Vontier Co. (NYSE:VNT) Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new position in shares of Vontier Co. (NYSE:VNT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,000 shares of the company’s stock, valued at approximately $726,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC grew its position in Vontier by 1,985.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,168 shares of the company’s stock worth $36,000 after purchasing an additional 1,112 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Vontier by 3,355.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,313 shares of the company’s stock valued at $45,000 after buying an additional 1,275 shares during the last quarter. CWM LLC increased its position in shares of Vontier by 78.9% in the 4th quarter. CWM LLC now owns 1,911 shares of the company’s stock valued at $66,000 after acquiring an additional 843 shares during the period. Harvest Fund Management Co. Ltd grew its stake in Vontier by 132.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,212 shares of the company’s stock valued at $99,000 after purchasing an additional 1,828 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Vontier during the 3rd quarter valued at about $108,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analysts Set New Price Targets

VNT has been the subject of a number of research reports. The Goldman Sachs Group lifted their target price on Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Evercore ISI upped their price objective on Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Citigroup upped their price objective on shares of Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Argus raised their price objective on Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, UBS Group lifted their price target on shares of Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Vontier Price Performance

Shares of NYSE VNT opened at $41.21 on Friday. Vontier Co. has a 52 week low of $26.28 and a 52 week high of $45.62. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.19 and a beta of 1.31. The company has a quick ratio of 1.08, a current ratio of 1.39 and a debt-to-equity ratio of 2.44. The firm has a 50-day simple moving average of $42.75 and a 200-day simple moving average of $36.84.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $780.92 million. Vontier had a return on equity of 60.00% and a net margin of 12.18%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share. On average, equities analysts predict that Vontier Co. will post 3.15 earnings per share for the current fiscal year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a $0.025 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.10 annualized dividend and a yield of 0.24%. Vontier’s payout ratio is 4.15%.

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.