Royce & Associates LP Has $41.26 Million Holdings in Vontier Co. (NYSE:VNT)

Royce & Associates LP grew its stake in shares of Vontier Co. (NYSE:VNT - Free Report) by 7.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,222,833 shares of the company's stock after buying an additional 81,981 shares during the period. Royce & Associates LP owned approximately 0.81% of Vontier worth $41,258,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in VNT. Headlands Technologies LLC acquired a new position in shares of Vontier in the first quarter valued at $46,000. International Assets Investment Management LLC lifted its holdings in shares of 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 period. Hazlett Burt & Watson Inc. acquired a new stake in shares of Vontier during the 3rd quarter valued at about $37,000. Ashton Thomas Private Wealth LLC acquired a new position in Vontier in the second quarter worth about $44,000. Finally, Covestor Ltd lifted its stake in Vontier by 37.1% during the third quarter. Covestor Ltd now owns 1,461 shares of the company's stock worth $49,000 after purchasing an additional 395 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VNT shares. Barclays increased their price objective on Vontier from $44.00 to $46.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Argus lowered shares of Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. 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. Finally, Robert W. Baird reduced their target price on Vontier from $44.00 to $42.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. 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.com, the company has an average rating of "Moderate Buy" and an average price target of $44.50.

Vontier Stock Down 2.2 %

VNT traded down $0.86 during trading on Friday, hitting $38.08. The company had a trading volume of 707,268 shares, compared to its average volume of 804,195. The firm's 50-day moving average price is $34.82 and its 200 day moving average price is $36.87. The company has a market capitalization of $5.72 billion, a PE ratio of 14.92, a PEG ratio of 1.83 and a beta of 1.25. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier Co. has a one year low of $31.22 and a one year high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last issued 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. The firm had revenue of $750.00 million for the quarter, compared to analyst estimates of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company's revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. As a group, equities analysts expect that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Announces Dividend

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