80,000 Shares in Vontier Co. (NYSE:VNT) Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC acquired a new position in shares of Vontier Co. (NYSE:VNT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 80,000 shares of the company’s stock, valued at approximately $2,918,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in Vontier by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock worth $86,776,000 after acquiring an additional 18,091 shares during the period. River Road Asset Management LLC raised its stake in Vontier by 21.4% during the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock worth $79,510,000 after acquiring an additional 415,750 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Vontier by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company’s stock valued at $49,766,000 after purchasing an additional 42,357 shares during the period. Truist Financial Corp increased its stake in shares of Vontier by 5.4% in the fourth quarter. Truist Financial Corp now owns 1,415,317 shares of the company’s stock valued at $51,617,000 after purchasing an additional 72,787 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Vontier by 11.2% in the third quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company’s stock valued at $44,246,000 after purchasing an additional 132,312 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on VNT shares. Barclays raised their price target on shares of Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. UBS Group started coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target on the stock. Robert W. Baird raised their price target on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Thursday, December 12th. Finally, Citigroup dropped their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.43.

Vontier Trading Down 2.2 %

Vontier stock opened at $37.76 on Friday. The firm has a 50 day simple moving average of $37.67 and a 200-day simple moving average of $36.27. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. The stock has a market capitalization of $5.61 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.26. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The business had revenue of $776.80 million during the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. As a group, equities research analysts expect that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 6th. Vontier’s payout ratio is 3.64%.

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.