Vontier Co. (NYSE:VNT) is Olstein Capital Management L.P.’s 7th Largest Position

Olstein Capital Management L.P. lifted its stake in shares of Vontier Co. (NYSE:VNT) by 50.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 307,000 shares of the company’s stock after purchasing an additional 103,000 shares during the period. Vontier accounts for 1.8% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 7th biggest holding. Olstein Capital Management L.P. owned approximately 0.20% of Vontier worth $10,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of VNT. Massachusetts Financial Services Co. MA increased its stake in shares of Vontier by 305.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock worth $34,473,000 after purchasing an additional 679,651 shares during the last quarter. Stanley Capital Management LLC purchased a new position in Vontier in the 2nd quarter valued at approximately $17,954,000. River Road Asset Management LLC grew its stake in Vontier by 21.4% in the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after buying an additional 415,750 shares in the last quarter. Eldred Rock Partners LLC purchased a new position in Vontier in the 2nd quarter valued at approximately $14,613,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Vontier by 24.1% in 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 buying an additional 329,191 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VNT shares. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Barclays lifted their price objective on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday. Robert W. Baird dropped their price objective on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Evercore ISI dropped their price objective on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Vontier Trading Down 0.2 %

Shares of NYSE VNT traded down $0.10 during midday trading on Thursday, hitting $39.92. 30,353 shares of the company traded hands, compared to its average volume of 795,414. 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 quick ratio of 1.23 and a current ratio of 1.64. The stock has a 50-day moving average price of $34.05 and a 200 day moving average price of $36.86. The firm has a market cap of $6.00 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.73 and a beta of 1.25.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter in the previous year, the company earned $0.73 earnings per share. Vontier’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, analysts expect that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Thursday, September 5th. Vontier’s dividend payout ratio is currently 3.83%.

Vontier Company 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.