Vontier Corporation $VNT Shares Bought by Private Management Group Inc.

Private Management Group Inc. lifted its position in Vontier Corporation (NYSE:VNT) by 4.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 743,814 shares of the company’s stock after buying an additional 32,061 shares during the quarter. Private Management Group Inc.’s holdings in Vontier were worth $23,356,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Vontier in the second quarter valued at $388,315,000. Turtle Creek Asset Management Inc. lifted its stake in Vontier by 17.5% in the first quarter. Turtle Creek Asset Management Inc. now owns 2,114,615 shares of the company’s stock valued at $75,005,000 after buying an additional 314,211 shares during the last quarter. Corient Private Wealth LP acquired a new position in Vontier in the second quarter valued at $65,037,000. Heron Bay Capital Management purchased a new position in shares of Vontier in the 2nd quarter valued at approximately $55,830,000. Finally, Jupiter Topco LLC purchased a new stake in shares of Vontier during the second quarter worth approximately $41,904,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Trading Up 3.7%

Shares of VNT stock opened at $43.81 on Tuesday. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.29 and a beta of 1.13. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average price of $33.43 and a 200 day moving average price of $33.83. Vontier Corporation has a twelve month low of $27.25 and a twelve month high of $48.20.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. The company had revenue of $736.90 million for the quarter, compared to analysts’ expectations of $727.98 million. Vontier had a net margin of 11.34% and a return on equity of 38.57%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. Research analysts forecast that Vontier Corporation will post 3.62 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.0250 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, November 19th. Vontier’s dividend payout ratio is currently 4.10%.

Wall Street Analysts Forecast Growth

VNT has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Vontier from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Robert W. Baird raised their price target on Vontier from $39.00 to $46.00 and gave the company a “neutral” rating in a report on Monday. Citigroup lifted their price target on Vontier from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday. Finally, KeyCorp raised their target price on Vontier from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Friday. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Vontier has an average rating of “Hold” and a consensus price target of $42.86.

About Vontier

Vontier Corporation (NYSE: VNT) is a global technology company serving the mobility, convenience retail and commercial transportation industries. Its products and services help businesses manage fueling and energy infrastructure, vehicle maintenance, payments and fleet operations.

The company’s offerings include fuel dispensers and payment systems, fuel-management and tank-monitoring technology, fleet telematics, vehicle diagnostic equipment and tools, and software for electric-vehicle charging.