Eldred Rock Partners LLC Raises Holdings in Vontier Co. (NYSE:VNT)

Eldred Rock Partners LLC boosted its stake in shares of Vontier Co. (NYSE:VNT) by 11.2% during the first quarter, Holdings Channel.com reports. The firm owned 446,364 shares of the company’s stock after purchasing an additional 45,011 shares during the quarter. Vontier makes up about 4.5% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 5th biggest position. Eldred Rock Partners LLC’s holdings in Vontier were worth $14,655,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in VNT. Global X Japan Co. Ltd. raised its stake in shares of Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock worth $27,000 after purchasing an additional 431 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Vontier in the fourth quarter worth about $73,000. Farther Finance Advisors LLC raised its position in Vontier by 44.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock valued at $83,000 after acquiring an additional 700 shares in the last quarter. Covestor Ltd raised its position in Vontier by 66.8% during the fourth quarter. Covestor Ltd now owns 2,437 shares of the company’s stock valued at $89,000 after acquiring an additional 976 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Vontier during the fourth quarter valued at approximately $98,000. Institutional investors own 95.83% of the company’s stock.

Vontier Stock Performance

NYSE VNT opened at $35.79 on Monday. The stock’s fifty day moving average is $32.86 and its two-hundred day moving average is $35.68. The firm has a market capitalization of $5.29 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. Vontier Co. has a fifty-two week low of $27.22 and a fifty-two week high of $41.61.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The company had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be issued a $0.025 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.28%. Vontier’s dividend payout ratio is presently 4.07%.

Insider Activity at Vontier

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $36.34, for a total transaction of $266,880.96. Following the sale, the senior vice president now owns 88,248 shares in the company, valued at $3,206,932.32. This represents a 7.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on VNT shares. Barclays lifted their price target on Vontier from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Robert W. Baird raised their price objective on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Citigroup dropped their price objective on Vontier from $45.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Evercore ISI raised their price objective on Vontier from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, May 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.83.

About Vontier

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.