Magnetar Financial LLC Buys Shares of 14,469 Vontier Co. (NYSE:VNT)

Magnetar Financial LLC bought a new stake in Vontier Co. (NYSE:VNT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,469 shares of the company’s stock, valued at approximately $528,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bailard Inc. lifted its stake in Vontier by 0.6% in the fourth quarter. Bailard Inc. now owns 61,207 shares of the company’s stock valued at $2,232,000 after acquiring an additional 356 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Vontier by 9.7% in the third quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock worth $154,000 after buying an additional 404 shares during the last quarter. Global X Japan Co. Ltd. lifted its stake in shares of Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock worth $27,000 after buying an additional 431 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Vontier by 12.5% in the third quarter. National Bank of Canada FI now owns 4,345 shares of the company’s stock worth $147,000 after buying an additional 482 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of Vontier by 12.8% in the fourth quarter. Principal Securities Inc. now owns 4,636 shares of the company’s stock worth $169,000 after buying an additional 526 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VNT shares. 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 objective for the company. Citigroup reduced their price objective on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Robert W. Baird upped their target price on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Barclays upped their target price 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. Finally, Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $44.67.

Vontier Stock Down 0.6 %

VNT opened at $33.69 on Friday. The firm’s 50-day simple moving average is $36.82 and its 200-day simple moving average is $36.34. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.23 and a beta of 1.26.

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

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, March 6th. Vontier’s payout ratio is 3.64%.

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.