Olstein Capital Management L.P. Increases Stake in Vontier Co. (NYSE:VNT)

Olstein Capital Management L.P. grew its holdings in Vontier Co. (NYSE:VNT - Free Report) by 50.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,000 shares of the company's stock after acquiring an additional 103,000 shares during the period. Vontier accounts for approximately 1.8% of Olstein Capital Management L.P.'s holdings, making the stock its 7th largest position. Olstein Capital Management L.P. owned about 0.20% of Vontier worth $10,358,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

VNT has been the subject of a number of recent analyst reports. Evercore ISI decreased their price target 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. Robert W. Baird cut their price objective on Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Barclays raised their target price on Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Argus cut Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Vontier currently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

Vontier Stock Performance

Shares of NYSE VNT traded up $0.43 during trading hours on Thursday, reaching $40.45. The stock had a trading volume of 1,016,187 shares, compared to its average volume of 799,984. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. 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 business's fifty day moving average is $34.16 and its two-hundred day moving average is $36.89. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.73 and a beta of 1.25.

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

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. Vontier's payout ratio is presently 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.