Vontier Co. (NYSE:VNT) is Eldred Rock Partners LLC’s 5th Largest Position

Eldred Rock Partners LLC raised its holdings in Vontier Co. (NYSE:VNT) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 401,353 shares of the company’s stock after purchasing an additional 2,098 shares during the quarter. Vontier accounts for about 4.9% of Eldred Rock Partners LLC’s holdings, making the stock its 5th biggest position. Eldred Rock Partners LLC owned approximately 0.27% of Vontier worth $14,596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of Vontier by 7.4% during the 2nd quarter. American Century Companies Inc. now owns 37,874 shares of the company’s stock worth $1,447,000 after purchasing an additional 2,619 shares during the period. Envestnet Asset Management Inc. grew its position in Vontier by 6.2% during the second quarter. Envestnet Asset Management Inc. now owns 538,718 shares of the company’s stock worth $20,579,000 after buying an additional 31,587 shares during the period. Dimensional Fund Advisors LP increased its holdings in Vontier by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock valued at $98,011,000 after buying an additional 277,389 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Vontier by 394.0% during the 2nd quarter. XTX Topco Ltd now owns 25,028 shares of the company’s stock valued at $956,000 after acquiring an additional 19,962 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of Vontier during the 2nd quarter worth approximately $881,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Price Performance

Vontier stock opened at $37.51 on Monday. The stock has a market capitalization of $5.63 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.54 and a beta of 1.26. Vontier Co. has a 12-month low of $31.22 and a 12-month 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’s 50-day moving average is $37.84 and its two-hundred day moving average is $36.26.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The firm had revenue of $750.00 million for the quarter, compared to analyst estimates of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 earnings per share. Equities analysts predict that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a dividend of $0.025 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.27%. Vontier’s dividend payout ratio (DPR) is presently 3.83%.

Analysts Set New Price Targets

Several research firms recently weighed in on VNT. UBS Group initiated coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective for the company. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research note on Thursday, December 12th. Barclays lowered their price objective on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Citigroup cut their target price 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.63.

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.