Vontier Co. (NYSE:VNT) Shares Purchased by Royce & Associates LP

Royce & Associates LP raised its holdings in Vontier Co. (NYSE:VNT) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,347,259 shares of the company’s stock after purchasing an additional 124,426 shares during the quarter. Royce & Associates LP owned 0.90% of Vontier worth $49,135,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in shares of Vontier by 2,814.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock worth $10,164,000 after purchasing an additional 272,166 shares during the last quarter. Integrated Investment Consultants LLC increased its holdings in shares of Vontier by 14.7% during the 4th quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company’s stock worth $2,461,000 after buying an additional 8,657 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Vontier during the 4th quarter worth approximately $2,918,000. Proficio Capital Partners LLC acquired a new stake in shares of Vontier during the 4th quarter worth approximately $508,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Vontier by 48.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company’s stock worth $888,000 after buying an additional 7,909 shares during the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Vontier Price Performance

Shares of VNT opened at $33.19 on Friday. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. The firm’s fifty day simple moving average is $37.08 and its 200-day simple moving average is $36.39. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.23 and a beta of 1.26. 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 (NYSE:VNT) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The firm had revenue of $776.80 million for the quarter. Equities analysts forecast that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. Vontier’s dividend payout ratio is presently 3.64%.

Analyst Ratings Changes

VNT has been the subject of a number of research analyst reports. Citigroup lowered their price objective on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Barclays raised their price target on shares of Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Robert W. Baird raised their price target on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Thursday, December 12th. Finally, UBS Group started coverage on shares of Vontier in a research report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.43.

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.