Assenagon Asset Management S.A. Makes New Investment in Vontier Co. (NYSE:VNT)

Assenagon Asset Management S.A. purchased a new position in shares of Vontier Co. (NYSE:VNTFree Report) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 63,434 shares of the company’s stock, valued at approximately $2,192,000.

Several other hedge funds and other institutional investors have also modified their holdings of VNT. US Bancorp DE boosted its position in shares of Vontier by 13.4% during the first quarter. US Bancorp DE now owns 11,389 shares of the company’s stock worth $289,000 after buying an additional 1,347 shares during the period. Citigroup Inc. boosted its position in shares of Vontier by 15.0% during the first quarter. Citigroup Inc. now owns 41,549 shares of the company’s stock worth $1,054,000 after buying an additional 5,420 shares during the period. MetLife Investment Management LLC boosted its position in shares of Vontier by 38.4% during the first quarter. MetLife Investment Management LLC now owns 113,425 shares of the company’s stock worth $2,880,000 after buying an additional 31,497 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Vontier by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,959 shares of the company’s stock worth $1,573,000 after buying an additional 5,908 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Vontier by 1.6% during the first quarter. BlackRock Inc. now owns 14,668,635 shares of the company’s stock worth $372,436,000 after buying an additional 228,497 shares during the period. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Stock Down 2.4 %

Vontier stock opened at $43.88 on Thursday. Vontier Co. has a 1-year low of $25.48 and a 1-year high of $45.62. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.39 and a quick ratio of 1.08. The stock has a market cap of $6.75 billion, a PE ratio of 18.21, a P/E/G ratio of 1.32 and a beta of 1.31. The stock’s fifty day moving average is $41.01 and its two-hundred day moving average is $35.62.

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

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 6th. Vontier’s dividend payout ratio (DPR) is currently 4.15%.

Wall Street Analyst Weigh In

VNT has been the subject of a number of recent research reports. Evercore ISI lifted their target price on Vontier from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Citigroup lifted their target price on Vontier from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 16th. Argus lifted their target price on Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 18th. UBS Group lifted their target price on Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Bank of America upgraded Vontier from a “neutral” rating to a “buy” rating and lifted their target price for the company from $37.00 to $40.00 in a report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $44.14.

Read Our Latest Research Report on Vontier

About Vontier

(Free Report)

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.

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Institutional Ownership by Quarter for Vontier (NYSE:VNT)

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