Quest Partners LLC Raises Holdings in Vontier Co. (NYSE:VNT)

Quest Partners LLC increased its holdings in Vontier Co. (NYSE:VNT) by 475.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,505 shares of the company’s stock after buying an additional 3,722 shares during the period. Quest Partners LLC’s holdings in Vontier were worth $152,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VNT. Dimensional Fund Advisors LP grew its stake in Vontier by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock valued at $98,011,000 after acquiring an additional 277,389 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Vontier by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock valued at $97,078,000 after purchasing an additional 227,388 shares in the last quarter. River Road Asset Management LLC grew its position in shares of Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after purchasing an additional 415,750 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of Vontier by 2.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,943,778 shares of the company’s stock worth $74,252,000 after purchasing an additional 44,254 shares during the period. Finally, LSV Asset Management raised its position in shares of Vontier by 3.7% in the second quarter. LSV Asset Management now owns 1,716,847 shares of the company’s stock worth $65,584,000 after buying an additional 61,526 shares in the last quarter. 95.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VNT. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Evercore ISI cut their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Robert W. Baird decreased their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Barclays lifted their price objective on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Vontier presently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Vontier Stock Performance

Shares of VNT stock opened at $39.18 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62. The firm has a market capitalization of $5.88 billion, a PE ratio of 15.01, a P/E/G ratio of 1.82 and a beta of 1.25. The company has a 50 day moving average price of $35.82 and a 200-day moving average price of $36.71.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The business had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. As a group, equities research analysts expect that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Dividend Announcement

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