Vontier Co. (NYSE:VNT) Shares Purchased by River Road Asset Management LLC

River Road Asset Management LLC grew its stake in shares of Vontier Co. (NYSE:VNT) by 21.4% during the third quarter, Holdings Channel reports. The firm owned 2,356,558 shares of the company’s stock after purchasing an additional 415,750 shares during the period. Vontier makes up approximately 1.0% of River Road Asset Management LLC’s investment portfolio, making the stock its 29th largest position. River Road Asset Management LLC’s holdings in Vontier were worth $79,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VNT. ORG Partners LLC acquired a new stake in Vontier during the first quarter worth approximately $35,000. 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 stake in Vontier during the third quarter worth approximately $37,000. Ashton Thomas Private Wealth LLC acquired a new stake in Vontier during the second quarter worth approximately $44,000. Finally, Headlands Technologies LLC acquired a new stake in Vontier during the first quarter worth approximately $46,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VNT shares. Robert W. Baird cut their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Evercore ISI cut their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Barclays lifted their target price on shares of Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

Vontier Stock Performance

NYSE:VNT opened at $36.32 on Tuesday. The firm’s fifty day moving average price is $33.99 and its 200 day moving average price is $36.88. Vontier Co. has a 1-year low of $31.22 and a 1-year high of $45.62. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25.

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

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.28%. Vontier’s payout ratio is currently 3.83%.

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.