Vontier Co. (NYSE:VNT) Shares Bought by River Road Asset Management LLC

River Road Asset Management LLC raised its stake in shares of Vontier Co. (NYSE:VNT) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,502,132 shares of the company’s stock after purchasing an additional 145,574 shares during the quarter. Vontier comprises 1.2% of River Road Asset Management LLC’s holdings, making the stock its 25th biggest position. River Road Asset Management LLC’s holdings in Vontier were worth $91,253,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global X Japan Co. Ltd. increased its position in shares of Vontier by 137.7% in the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock valued at $27,000 after acquiring an additional 431 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Vontier during the 3rd quarter valued at about $40,000. Covestor Ltd increased its holdings in shares of Vontier by 37.1% in the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after purchasing an additional 395 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Vontier in the fourth quarter valued at about $99,000. Finally, National Bank of Canada FI raised its stake in shares of Vontier by 12.5% in the third quarter. National Bank of Canada FI now owns 4,345 shares of the company’s stock worth $147,000 after purchasing an additional 482 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VNT shares. Barclays upped their target price on Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a report on Thursday, December 12th. Robert W. Baird increased their price objective on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Citigroup decreased 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. Finally, UBS Group initiated coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.43.

Vontier Trading Down 3.0 %

Shares of Vontier stock opened at $32.63 on Tuesday. The firm has a 50-day simple moving average of $37.38 and a two-hundred day simple moving average of $36.46. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The company has a market cap of $4.85 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $776.80 million during the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. As a group, equities analysts predict that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.31%. Vontier’s dividend payout ratio (DPR) is 3.64%.

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.