Moore Capital Management LP Purchases New Shares in Vontier Co. (NYSE:VNT)

Moore Capital Management LP purchased a new position in shares of Vontier Co. (NYSE:VNT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 208,984 shares of the company’s stock, valued at approximately $7,622,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Benjamin Edwards Inc. grew its stake in shares of Vontier by 2.2% during the 4th quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company’s stock valued at $448,000 after purchasing an additional 270 shares during the period. Foundry Partners LLC increased its holdings in Vontier by 1.9% in the 4th quarter. Foundry Partners LLC now owns 17,304 shares of the company’s stock valued at $631,000 after acquiring an additional 324 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Vontier by 5.0% during the 4th quarter. Quadrant Capital Group LLC now owns 7,049 shares of the company’s stock valued at $257,000 after purchasing an additional 338 shares during the last quarter. Bailard Inc. increased its holdings in shares of Vontier by 0.6% in the fourth quarter. Bailard Inc. now owns 61,207 shares of the company’s stock worth $2,232,000 after purchasing an additional 356 shares during the last quarter. Finally, Global X Japan Co. Ltd. boosted its stake in Vontier by 137.7% during the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock valued at $27,000 after buying an additional 431 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VNT. Barclays raised their price target on Vontier from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Citigroup dropped their price target on shares of Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird increased their price objective on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Two research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $43.67.

Vontier Trading Up 0.0%

VNT stock opened at $34.89 on Monday. Vontier Co. has a 12 month low of $27.22 and a 12 month high of $41.61. The firm’s 50-day moving average is $32.05 and its 200 day moving average is $35.83. The company has a market capitalization of $5.16 billion, a PE ratio of 12.69, a P/E/G ratio of 1.23 and a beta of 1.29. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $0.74 EPS. Vontier’s revenue was down 1.9% on a year-over-year basis. On average, research analysts anticipate that Vontier Co. will post 3.13 EPS for the current year.

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.