Invenomic Capital Management LP Reduces Holdings in Vontier Co. (NYSE:VNT)
Invenomic Capital Management LP cut its stake in shares of Vontier Co. (NYSE:VNT – Free Report) by 64.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 467,702 shares of the company’s stock after selling 858,897 shares during the quarter. Invenomic Capital Management LP owned 0.30% of Vontier worth $15,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of VNT. Harvest Fund Management Co. Ltd purchased a new stake in Vontier during the 1st quarter valued at about $38,000. Bartlett & Co. LLC boosted its holdings in Vontier by 1,095.3% during the 2nd quarter. Bartlett & Co. LLC now owns 1,542 shares of the company’s stock valued at $50,000 after acquiring an additional 1,413 shares during the period. IFP Advisors Inc boosted its holdings in Vontier by 29.1% during the 2nd quarter. IFP Advisors Inc now owns 1,774 shares of the company’s stock valued at $57,000 after acquiring an additional 400 shares during the period. Covestor Ltd boosted its holdings in Vontier by 90.4% during the 1st quarter. Covestor Ltd now owns 2,340 shares of the company’s stock valued at $59,000 after acquiring an additional 1,111 shares during the period. Finally, Atlas Capital Advisors LLC boosted its holdings in shares of Vontier by 89,500.0% during the second quarter. Atlas Capital Advisors LLC now owns 2,688 shares of the company’s stock worth $62,000 after purchasing an additional 2,685 shares during the period. 94.77% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
VNT has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of Vontier in a report on Wednesday, September 27th. They set a “buy” rating and a $38.00 target price for the company. TheStreet upgraded shares of Vontier from a “c+” rating to a “b” rating in a report on Monday, September 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vontier currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.
Vontier Trading Up 0.6 %
Shares of NYSE:VNT traded up $0.21 on Friday, hitting $34.24. The company had a trading volume of 496,047 shares, compared to its average volume of 661,779. The firm’s 50-day simple moving average is $31.97 and its two-hundred day simple moving average is $31.21. Vontier Co. has a 1 year low of $18.13 and a 1 year high of $34.80. The company has a quick ratio of 1.14, a current ratio of 1.50 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 4.19 and a beta of 1.24.
Vontier (NYSE:VNT – Get Free Report) last posted its earnings results on Thursday, November 2nd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. The firm had revenue of $765.40 million during the quarter. Vontier had a net margin of 10.65% and a return on equity of 67.42%. Equities analysts anticipate that Vontier Co. will post 2.86 earnings per share for the current fiscal year.
Vontier Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Wednesday, November 29th. Vontier’s payout ratio is 4.63%.
About Vontier (Free Report)
Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility ecosystem worldwide. The company offers a range of solutions, including environmental sensors; fueling equipment; field payment hardware; point-of sale, workflow, and monitoring software; vehicle tracking and fleet management; software solutions for traffic light control; and vehicle mechanics’, and technicians’ equipment.
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Original: MarketBeat News Feed: Invenomic Capital Management LP Reduces Holdings in Vontier Co. (NYSE:VNT)