Wolverine Asset Management LLC Acquires New Holdings in Vontier Co. (NYSE:VNT)

Wolverine Asset Management LLC bought a new position in shares of Vontier Co. (NYSE:VNT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,000 shares of the company’s stock, valued at approximately $726,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Olstein Capital Management L.P. purchased a new stake in Vontier during the 4th quarter worth about $3,662,000. Assenagon Asset Management S.A. acquired a new position in Vontier in the fourth quarter valued at $2,192,000. Mutual of America Capital Management LLC lifted its position in Vontier by 71.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company’s stock worth $5,949,000 after buying an additional 71,515 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in Vontier by 89.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company’s stock worth $1,678,000 after buying an additional 25,632 shares during the last quarter. Finally, Segment Wealth Management LLC purchased a new stake in Vontier in the 4th quarter valued at about $900,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

VNT has been the topic of several recent analyst reports. UBS Group increased 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 upped their price target on Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Bank of America raised Vontier from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $40.00 in a research note on Thursday, January 11th. Evercore ISI lifted their price target on shares of Vontier from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Finally, Argus increased their price objective on shares of Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Vontier currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Vontier Stock Up 1.1 %

Shares of NYSE VNT opened at $41.21 on Friday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.08 and a current ratio of 1.39. Vontier Co. has a 1 year low of $26.28 and a 1 year high of $45.62. The stock’s 50-day simple moving average is $42.75 and its 200-day simple moving average is $36.84. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.19 and a beta of 1.31.

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

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.24%. Vontier’s dividend payout ratio (DPR) is 4.15%.

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.