Foundry Partners LLC Acquires Shares of 16,980 Vontier Co. (NYSE:VNT)

Foundry Partners LLC bought a new position in Vontier Co. (NYSE:VNT - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,980 shares of the company's stock, valued at approximately $573,000.

A number of other institutional investors also recently modified their holdings of VNT. Landscape Capital Management L.L.C. bought a new stake in shares of Vontier during the third quarter worth approximately $344,000. King Luther Capital Management Corp raised its stake in shares of Vontier by 1.6% during the third quarter. King Luther Capital Management Corp now owns 148,783 shares of the company's stock worth $5,020,000 after buying an additional 2,293 shares during the last quarter. Banyan Capital Management Inc. raised its stake in shares of Vontier by 2.4% during the third quarter. Banyan Capital Management Inc. now owns 403,190 shares of the company's stock worth $13,604,000 after buying an additional 9,335 shares during the last quarter. Quest Partners LLC raised its stake in shares of Vontier by 475.4% during the third quarter. Quest Partners LLC now owns 4,505 shares of the company's stock worth $152,000 after buying an additional 3,722 shares during the last quarter. Finally, KPP Advisory Services LLC raised its stake in shares of Vontier by 6.4% during the third quarter. KPP Advisory Services LLC now owns 16,328 shares of the company's stock worth $551,000 after buying an additional 983 shares during the last quarter. 95.83% of the stock is owned by institutional investors.

Vontier Stock Performance

VNT stock traded up $0.52 during trading hours on Friday, reaching $38.84. The stock had a trading volume of 1,137,668 shares, compared to its average volume of 1,019,145. The stock has a 50-day simple moving average of $35.48 and a 200 day simple moving average of $36.77. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The stock has a market capitalization of $5.83 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.79 and a beta of 1.25. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The business had revenue of $750.00 million for the quarter, compared to analyst estimates of $729.23 million. During the same period last year, the firm earned $0.73 earnings per share. Vontier's revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts predict that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.26%. Vontier's dividend payout ratio is presently 3.83%.

Analysts Set New Price Targets

VNT has been the subject of several recent analyst reports. Robert W. Baird lowered their target price on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Argus downgraded shares of Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Barclays upped 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, November 5th. Finally, Evercore ISI lowered their target price on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.