Vontier Co. (NYSE:VNT) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in Vontier Co. (NYSE:VNT) by 20.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,689 shares of the company’s stock after acquiring an additional 8,321 shares during the period. Van ECK Associates Corp’s holdings in Vontier were worth $1,717,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Olstein Capital Management L.P. purchased a new position in shares of Vontier during the 4th quarter worth $3,662,000. Assenagon Asset Management S.A. purchased a new stake in shares of Vontier in the 4th quarter valued at approximately $2,192,000. Mutual of America Capital Management LLC lifted its holdings in shares of Vontier by 71.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company’s stock worth $5,949,000 after acquiring an additional 71,515 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Vontier by 89.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company’s stock worth $1,678,000 after purchasing an additional 25,632 shares during the period. Finally, Segment Wealth Management LLC acquired a new stake in Vontier in the 4th quarter valued at approximately $900,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Trading Down 1.5 %

Shares of NYSE:VNT opened at $40.56 on Thursday. Vontier Co. has a 52 week low of $27.21 and a 52 week high of $45.62. The company’s 50 day moving average is $42.54 and its two-hundred day moving average is $37.39. The company has a market cap of $6.26 billion, a PE ratio of 14.70, a P/E/G ratio of 1.15 and a beta of 1.33. The company has a current ratio of 1.57, a quick ratio of 1.23 and a debt-to-equity ratio of 2.21.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $755.80 million for the quarter, compared to the consensus estimate of $754.50 million. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS. Equities analysts predict that Vontier Co. will post 3.15 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Wednesday, March 6th. Vontier’s dividend payout ratio is currently 3.62%.

Analysts Set New Price Targets

VNT has been the subject of several research analyst reports. Citigroup raised their price target on Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Argus boosted their price target on shares of Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Bank of America raised shares of Vontier from a “neutral” rating to a “buy” rating and raised their price objective for the company from $37.00 to $40.00 in a research note on Thursday, January 11th. The Goldman Sachs Group upped their target price on shares of Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Finally, Evercore ISI raised their price target on shares of Vontier from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.