Renaissance Technologies LLC Sells 284,171 Shares of Vontier Co. (NYSE:VNT)

Renaissance Technologies LLC lowered its stake in shares of Vontier Co. (NYSE:VNT) by 40.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 417,729 shares of the company’s stock after selling 284,171 shares during the quarter. Renaissance Technologies LLC owned 0.28% of Vontier worth $15,235,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VNT. Allspring Global Investments Holdings LLC raised its stake in shares of Vontier by 2,814.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock valued at $10,164,000 after acquiring an additional 272,166 shares during the period. Proficio Capital Partners LLC bought a new position in Vontier during the 4th quarter valued at about $508,000. Integrated Investment Consultants LLC raised its position in Vontier by 14.7% in the 4th quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company’s stock worth $2,461,000 after purchasing an additional 8,657 shares during the period. Wolverine Asset Management LLC bought a new stake in Vontier in the fourth quarter worth about $2,918,000. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Vontier by 48.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company’s stock valued at $888,000 after buying an additional 7,909 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on VNT. Barclays reduced their price target on Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Robert W. Baird increased their target price on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Finally, Citigroup lowered their target price on shares of Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a research note on Monday. Two 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 stock has a consensus rating of “Moderate Buy” and an average price target of $43.17.

Vontier Price Performance

Shares of VNT stock opened at $30.27 on Tuesday. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.23 and a beta of 1.28. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. Vontier Co. has a twelve month low of $27.22 and a twelve month high of $42.04. The stock has a fifty day simple moving average of $34.47 and a two-hundred day simple moving average of $36.14.

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

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.10 annualized dividend and a yield of 0.33%. Vontier’s dividend payout ratio (DPR) is presently 3.64%.

About Vontier

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.