Counterpoint Mutual Funds LLC Makes New $329,000 Investment in Vontier Co. (NYSE:VNT)

Counterpoint Mutual Funds LLC bought a new position in Vontier Co. (NYSE:VNT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 9,015 shares of the company’s stock, valued at approximately $329,000.

Several other hedge funds have also made changes to their positions in the company. Royce & Associates LP lifted its holdings in shares of Vontier by 10.2% in the 4th quarter. Royce & Associates LP now owns 1,347,259 shares of the company’s stock worth $49,135,000 after buying an additional 124,426 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Vontier during the 4th quarter worth $225,000. Great Lakes Advisors LLC purchased a new stake in shares of Vontier during the 4th quarter worth $217,000. Farther Finance Advisors LLC lifted its stake in shares of Vontier by 44.5% during the 4th 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. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Vontier by 14.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 78,201 shares of the company’s stock worth $2,852,000 after purchasing an additional 9,833 shares during the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Trading Up 1.0 %

Shares of NYSE:VNT opened at $33.47 on Tuesday. The business’s 50-day moving average is $37.01 and its 200 day moving average is $36.39. 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 firm has a market capitalization of $4.98 billion, a P/E ratio of 12.17, a P/E/G ratio of 1.23 and a beta of 1.26. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62.

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

Vontier Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, March 6th. Vontier’s dividend payout ratio is presently 3.64%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VNT. UBS Group began coverage on Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective for the company. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, December 12th. Robert W. Baird upped their price objective on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Barclays upped their price objective on Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Citigroup reduced their target price on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.43.

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.