Cerity Partners LLC Buys New Holdings in Vontier Co. (NYSE:VNT)

Cerity Partners LLC bought a new stake in Vontier Co. (NYSE:VNT) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,796 shares of the company’s stock, valued at approximately $442,000.

Other hedge funds have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC raised its holdings in Vontier by 1,985.7% in the third quarter. FinTrust Capital Advisors LLC now owns 1,168 shares of the company’s stock valued at $36,000 after acquiring an additional 1,112 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Vontier by 3,355.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,313 shares of the company’s stock worth $45,000 after purchasing an additional 1,275 shares in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Vontier by 132.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 3,212 shares of the company’s stock worth $99,000 after purchasing an additional 1,828 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Vontier during the third quarter worth approximately $108,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Vontier by 122.9% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,111 shares of the company’s stock worth $192,000 after purchasing an additional 3,369 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Performance

Shares of Vontier stock opened at $40.78 on Friday. The firm’s fifty day simple moving average is $42.75 and its 200-day simple moving average is $36.77. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.19 and a beta of 1.31. Vontier Co. has a 12 month low of $26.23 and a 12 month 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.

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

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were given a $0.025 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. Vontier’s dividend payout ratio (DPR) is 4.15%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VNT. Evercore ISI raised their price objective on shares of Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Argus raised their price objective on shares of Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 18th. UBS Group raised their price objective on shares of Vontier from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 16th. The Goldman Sachs Group raised their price objective on shares of Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Finally, Bank of America raised shares of Vontier from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $40.00 in a report on Thursday, January 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Vontier Company 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.