Vontier Co. (NYSE:VNT) Shares Bought by Harvey Investment Co. LLC

Harvey Investment Co. LLC grew its stake in Vontier Co. (NYSE:VNT) by 21.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,760 shares of the company’s stock after buying an additional 9,726 shares during the quarter. Harvey Investment Co. LLC’s holdings in Vontier were worth $1,881,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VNT. Dimensional Fund Advisors LP raised its position 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 increased its holdings in Vontier by 9.8% in the second quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock valued at $97,078,000 after buying an additional 227,388 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position 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 acquiring an additional 44,254 shares during the period. LSV Asset Management boosted its stake in shares of Vontier by 3.7% during the 2nd quarter. LSV Asset Management now owns 1,716,847 shares of the company’s stock worth $65,584,000 after acquiring an additional 61,526 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Vontier by 24.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock valued at $76,898,000 after acquiring an additional 329,191 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Stock Up 0.3 %

Shares of VNT opened at $34.32 on Thursday. The stock has a 50 day moving average price of $33.88 and a 200 day moving average price of $37.28. Vontier Co. has a one year low of $28.84 and a one year high of $45.62. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.53 and a beta of 1.27.

Vontier (NYSE:VNT) last released its earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The business had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. Vontier’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 EPS. Equities research analysts forecast that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, September 5th. Vontier’s dividend payout ratio (DPR) is 3.86%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Robert W. Baird reduced their price target on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Evercore ISI reduced their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Barclays dropped their price target on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

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.