BNP Paribas Financial Markets Invests $1.51 Million in Vontier Co. (NYSE:VNT)

BNP Paribas Financial Markets purchased a new position in Vontier Co. (NYSE:VNT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 41,313 shares of the company’s stock, valued at approximately $1,507,000.

Other hedge funds have also recently modified their holdings of the company. Global X Japan Co. Ltd. raised 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 purchasing an additional 431 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Vontier by 44.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock worth $83,000 after purchasing an additional 700 shares during the last quarter. Covestor Ltd raised its stake in shares of Vontier by 66.8% in the fourth quarter. Covestor Ltd now owns 2,437 shares of the company’s stock worth $89,000 after purchasing an additional 976 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Vontier in the fourth quarter worth $98,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Vontier during the fourth quarter valued at $99,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Insider Buying and Selling at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $36.34, for a total transaction of $266,880.96. Following the completion of the sale, the senior vice president now owns 88,248 shares of the company’s stock, valued at approximately $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.97% of the stock is currently owned by corporate insiders.

Vontier Stock Up 0.6%

Vontier stock opened at $37.07 on Monday. The stock has a market cap of $5.48 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29. 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 one year low of $27.22 and a one year high of $41.61. The stock has a fifty day moving average of $32.38 and a 200 day moving average of $35.90.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The business had revenue of $741.10 million during the quarter, compared to analyst estimates of $723.06 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. Vontier’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Vontier Co. will post 3.13 EPS for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, June 5th. Vontier’s dividend payout ratio is presently 4.07%.

Analysts Set New Price Targets

A number of research firms recently commented on VNT. Barclays upped their price objective on Vontier from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Citigroup reduced their price objective on Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird upped their price objective on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and a consensus price target of $43.67.

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.