Vontier Co. (NYSE:VNT) Stock Holdings Raised by Olstein Capital Management L.P.

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

Several other institutional investors also recently modified their holdings of the business. Foster & Motley Inc. increased its holdings in Vontier by 227.8% during the third quarter. Foster & Motley Inc. now owns 46,327 shares of the company’s stock valued at $1,563,000 after buying an additional 32,193 shares during the last quarter. River Road Asset Management LLC increased its holdings 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 worth $79,510,000 after acquiring an additional 415,750 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in Vontier during the 3rd quarter worth approximately $37,000. Van ECK Associates Corp bought a new stake in Vontier during the 3rd quarter worth approximately $2,611,000. Finally, Private Management Group Inc. lifted its holdings in Vontier by 1.1% during the third quarter. Private Management Group Inc. now owns 502,578 shares of the company’s stock valued at $16,957,000 after purchasing an additional 5,571 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Vontier Trading Down 0.2 %

VNT traded down $0.10 on Thursday, hitting $39.92. The company had a trading volume of 30,353 shares, 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 quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The business’s fifty day simple moving average is $34.05 and its 200 day simple moving average is $36.86. The company has a market cap of $6.00 billion, a PE ratio of 15.33, a PEG ratio of 1.73 and a beta of 1.25.

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

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. Vontier’s dividend payout ratio (DPR) is presently 3.83%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VNT. Barclays lifted their target price on shares of Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday. Robert W. Baird decreased their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Evercore ISI reduced their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Three 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 stock currently has an average rating of “Moderate Buy” and an average price target of $44.50.

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.