River & Mercantile Asset Management LLP Invests $513,000 in Vontier Co. (NYSE:VNT)

River & Mercantile Asset Management LLP acquired a new position in Vontier Co. (NYSE:VNT – Get Rating) in the third quarter, Holdings Channel.com reports. The firm acquired 15,300 shares of the company’s stock, valued at approximately $513,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors boosted its holdings in shares of Vontier by 17.4% in the 3rd quarter. Captrust Financial Advisors now owns 54,938 shares of the company’s stock worth $918,000 after purchasing an additional 8,141 shares in the last quarter. Balyasny Asset Management LLC boosted its holdings in shares of Vontier by 16.5% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,816,951 shares of the company’s stock worth $30,361,000 after purchasing an additional 256,846 shares in the last quarter. Baird Financial Group Inc. purchased a new position in shares of Vontier in the 3rd quarter worth about $227,000. BNP Paribas Arbitrage SNC purchased a new stake in Vontier during the 3rd quarter valued at about $521,000. Finally, State Street Corp boosted its holdings in Vontier by 2.5% during the 3rd quarter. State Street Corp now owns 4,428,825 shares of the company’s stock valued at $74,006,000 after acquiring an additional 108,935 shares during the period. 92.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on VNT. Citigroup increased their target price on Vontier from $22.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 17th. TheStreet upgraded Vontier from a “d+” rating to a “c-” rating in a report on Monday, February 13th. Bank of America cut Vontier from a “buy” rating to a “neutral” rating and dropped their target price for the company from $30.00 to $21.00 in a report on Monday, December 12th. Credit Suisse Group began coverage on Vontier in a report on Monday, December 12th. They set a “neutral” rating and a $21.00 target price for the company. Finally, Wolfe Research cut Vontier from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 1st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Vontier currently has a consensus rating of “Hold” and a consensus target price of $26.17.

Vontier Trading Up 1.4 %

VNT opened at $25.74 on Friday. The business has a 50 day simple moving average of $24.02 and a two-hundred day simple moving average of $20.83. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 3.11 and a beta of 1.27. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.49 and a quick ratio of 1.12. Vontier Co. has a one year low of $16.55 and a one year high of $28.45.

Vontier (NYSE:VNT – Get Rating) last released its quarterly earnings results on Thursday, February 16th. The company reported $0.81 EPS for the quarter, meeting analysts’ consensus estimates of $0.81. The business had revenue of $871.90 million during the quarter, compared to analyst estimates of $791.92 million. Vontier had a return on equity of 92.95% and a net margin of 12.60%. During the same quarter in the prior year, the company posted $0.83 EPS. Analysts predict that Vontier Co. will post 2.81 EPS for the current year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 2nd will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Wednesday, March 1st. Vontier’s dividend payout ratio is currently 4.07%.

Vontier Profile

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Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment.