Vontier Co. (NYSE:VNT) is Eldred Rock Partners LLC’s 5th Largest Position

Eldred Rock Partners LLC increased its position in Vontier Co. (NYSE:VNT) by 0.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 401,353 shares of the company’s stock after buying an additional 2,098 shares during the period. Vontier accounts for about 4.9% of Eldred Rock Partners LLC’s holdings, making the stock its 5th largest holding. Eldred Rock Partners LLC’s holdings in Vontier were worth $14,596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNT. Wedge Capital Management L L P NC grew its stake in Vontier by 18.5% during the third quarter. Wedge Capital Management L L P NC now owns 374,117 shares of the company’s stock worth $12,623,000 after buying an additional 58,362 shares during the period. Stanley Capital Management LLC purchased a new stake in Vontier during the 2nd quarter worth $17,954,000. Mackenzie Financial Corp increased its holdings in Vontier by 9.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock valued at $97,078,000 after purchasing an additional 227,388 shares in the last quarter. XTX Topco Ltd raised its position in Vontier by 394.0% in the second quarter. XTX Topco Ltd now owns 25,028 shares of the company’s stock valued at $956,000 after purchasing an additional 19,962 shares during the period. Finally, Holocene Advisors LP acquired a new position in shares of Vontier during the third quarter worth about $1,349,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Trading Up 0.8 %

VNT opened at $37.51 on Monday. The firm’s fifty day moving average price is $37.84 and its 200 day moving average price is $36.26. The stock has a market capitalization of $5.63 billion, a PE ratio of 14.37, a P/E/G ratio of 1.54 and a beta of 1.26. Vontier Co. has a 12-month low of $31.22 and a 12-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.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $729.23 million. During the same quarter last year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, research analysts expect that Vontier Co. will post 2.89 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Thursday, November 21st. Vontier’s dividend payout ratio is currently 3.83%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VNT shares. Citigroup lowered their target price on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. UBS Group assumed coverage on shares of Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective on the stock. Barclays reduced their target price on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Vontier presently has an average rating of “Moderate Buy” and an average target price of $44.63.

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.