Wolverine Asset Management LLC Purchases Shares of 80,000 Vontier Co. (NYSE:VNT)

Wolverine Asset Management LLC purchased a new stake in Vontier Co. (NYSE:VNT) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 80,000 shares of the company’s stock, valued at approximately $2,918,000. Wolverine Asset Management LLC owned about 0.05% of Vontier as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Covestor Ltd lifted its holdings in shares of Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after acquiring an additional 395 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Vontier by 9.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock valued at $154,000 after acquiring an additional 404 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Vontier by 10.9% during the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock valued at $141,000 after acquiring an additional 410 shares in the last quarter. Global X Japan Co. Ltd. lifted its holdings in shares of Vontier by 137.7% during the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock valued at $27,000 after acquiring an additional 431 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Vontier by 12.5% during the 3rd quarter. National Bank of Canada FI now owns 4,345 shares of the company’s stock valued at $147,000 after acquiring an additional 482 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on VNT shares. Robert W. Baird lifted their target price on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group assumed coverage on shares of Vontier in a report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price on the stock. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a report on Thursday, December 12th. Barclays boosted their price objective on shares of Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Citigroup cut their price objective on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.43.

Vontier Stock Performance

Shares of Vontier stock opened at $37.76 on Friday. The firm has a market cap of $5.61 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.26. The firm’s 50-day simple moving average is $37.67 and its 200-day simple moving average is $36.27. 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 1 year low of $31.22 and a 1 year high of $45.62.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) 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 net margin of 14.17% and a return on equity of 43.22%. Equities analysts forecast that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.025 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. Vontier’s dividend payout ratio (DPR) is presently 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.