LSV Asset Management Grows Position in Vontier Co. (NYSE:VNT)

LSV Asset Management boosted its position in Vontier Co. (NYSE:VNT) by 53.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,492,310 shares of the company’s stock after purchasing an additional 521,310 shares during the period. LSV Asset Management’s holdings in Vontier were worth $51,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in Vontier by 7.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,930 shares of the company’s stock valued at $400,000 after acquiring an additional 864 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Vontier by 174.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 46,218 shares of the company’s stock valued at $1,429,000 after purchasing an additional 29,398 shares during the period. FinTrust Capital Advisors LLC grew its holdings in shares of Vontier by 1,985.7% in the third quarter. FinTrust Capital Advisors LLC now owns 1,168 shares of the company’s stock worth $36,000 after purchasing an additional 1,112 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Vontier by 15.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,478 shares of the company’s stock worth $942,000 after buying an additional 4,024 shares during the period. Finally, Strs Ohio lifted its holdings in Vontier by 9.5% during the 3rd quarter. Strs Ohio now owns 55,050 shares of the company’s stock valued at $1,702,000 after buying an additional 4,773 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Stock Down 2.3 %

Shares of NYSE:VNT traded down $0.91 on Friday, reaching $39.44. The company had a trading volume of 759,660 shares, compared to its average volume of 615,216. The company has a current ratio of 1.57, a quick ratio of 1.08 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $6.10 billion, a PE ratio of 14.29, a PEG ratio of 1.15 and a beta of 1.33. Vontier Co. has a 52-week low of $26.79 and a 52-week high of $45.62. The firm’s 50 day simple moving average is $42.62 and its 200-day simple moving average is $37.16.

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

Vontier Announces Dividend

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

Analysts Set New Price Targets

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

Vontier 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.