River Road Asset Management LLC Has $79.51 Million Position in Vontier Co. (NYSE:VNT)

River Road Asset Management LLC lifted its holdings in Vontier Co. (NYSE:VNT - Free Report) by 21.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,356,558 shares of the company's stock after purchasing an additional 415,750 shares during the period. Vontier accounts for about 1.0% of River Road Asset Management LLC's investment portfolio, making the stock its 29th biggest holding. River Road Asset Management LLC owned approximately 1.53% of Vontier worth $79,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of Vontier in the 1st quarter valued at $35,000. International Assets Investment Management LLC lifted its position in Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company's stock worth $35,000 after acquiring an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new position in Vontier during the 3rd quarter worth $37,000. Ashton Thomas Private Wealth LLC acquired a new position in Vontier during the 2nd quarter worth $44,000. Finally, Headlands Technologies LLC acquired a new position in Vontier during the 1st quarter worth $46,000. Institutional investors and hedge funds own 95.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Robert W. Baird cut their target price on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Argus lowered shares of Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Barclays upped their price objective on shares of Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Evercore ISI cut their price objective on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research 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 data from MarketBeat.com, Vontier currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.

Vontier Price Performance

NYSE VNT traded up $0.93 on Tuesday, reaching $38.01. The company's stock had a trading volume of 1,094,543 shares, compared to its average volume of 797,045. The firm has a market cap of $5.71 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The business has a 50-day moving average price of $33.99 and a 200 day moving average price of $36.88. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10.

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

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.26%. Vontier's dividend payout ratio is 3.83%.

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.