River & Mercantile Asset Management LLP Buys New Position in Vontier Co. (NYSE:VNT)

River & Mercantile Asset Management LLP bought a new stake in shares of Vontier Co. (NYSE:VNT – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,300 shares of the company’s stock, valued at approximately $513,000.

Several other hedge funds also recently modified their holdings of VNT. Wipfli Financial Advisors LLC purchased a new position in shares of Vontier during the third quarter valued at approximately $26,000. Janiczek Wealth Management LLC boosted its position in shares of Vontier by 87.0% during the third quarter. Janiczek Wealth Management LLC now owns 2,165 shares of the company’s stock valued at $37,000 after buying an additional 1,007 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Vontier by 58.0% during the third quarter. Quadrant Capital Group LLC now owns 2,647 shares of the company’s stock worth $44,000 after acquiring an additional 972 shares during the period. Private Trust Co. NA bought a new stake in Vontier during the second quarter worth $53,000. Finally, Covestor Ltd lifted its holdings in Vontier by 90.4% during the first quarter. Covestor Ltd now owns 2,340 shares of the company’s stock worth $59,000 after acquiring an additional 1,111 shares during the period. Hedge funds and other institutional investors own 92.48% of the company’s stock.

Vontier Stock Performance

NYSE:VNT opened at $25.74 on Friday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.12 and a current ratio of 1.49. Vontier Co. has a 52-week low of $16.55 and a 52-week high of $28.45. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 3.11 and a beta of 1.27. The business’s fifty day moving average is $24.02 and its 200 day moving average is $20.83.

Vontier (NYSE:VNT – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The company reported $0.81 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.81. Vontier had a return on equity of 92.95% and a net margin of 12.60%. The company had revenue of $871.90 million for the quarter, compared to analyst estimates of $791.92 million. During the same period in the previous year, the company posted $0.83 EPS. Research analysts predict that Vontier Co. will post 2.81 EPS for the current year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Thursday, March 2nd will be paid a dividend of $0.025 per share. The ex-dividend date is Wednesday, March 1st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%. Vontier’s payout ratio is 4.07%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VNT. Bank of America lowered Vontier from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $21.00 in a report on Monday, December 12th. Wolfe Research lowered Vontier from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 1st. TheStreet upgraded Vontier from a “d+” rating to a “c-” rating in a research note on Monday, February 13th. Credit Suisse Group initiated coverage on Vontier in a research note on Monday, December 12th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, The Goldman Sachs Group boosted their target price on Vontier from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, February 21st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.17.

Vontier Company Profile

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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 infrastructure industry 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.