Royce & Associates LP Boosts Stock Holdings in Vontier Co. (NYSE:VNT)

Royce & Associates LP increased its position in shares of Vontier Co. (NYSE:VNT) by 7.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,222,833 shares of the company’s stock after purchasing an additional 81,981 shares during the period. Royce & Associates LP’s holdings in Vontier were worth $41,258,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after purchasing an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in Vontier during the third quarter worth about $37,000. Ashton Thomas Private Wealth LLC acquired a new position in Vontier during the second quarter worth about $44,000. Headlands Technologies LLC acquired a new position in Vontier during the first quarter worth about $46,000. Finally, Covestor Ltd grew its position in Vontier by 37.1% during the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after buying an additional 395 shares during the period. 95.83% of the stock is owned by hedge funds and other institutional investors.

Vontier Stock Down 0.5 %

Shares of NYSE VNT opened at $38.94 on Friday. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The firm’s 50 day moving average price is $34.82 and its 200 day moving average price is $36.87. The firm has a market cap of $5.85 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The company had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 earnings per share. As a group, sell-side analysts anticipate that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Thursday, November 21st. Vontier’s dividend payout ratio is currently 3.83%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VNT shares. Evercore ISI lowered their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Barclays increased their price target on shares of Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Robert W. Baird lowered their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.50.

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.