Heron Bay Capital Management Has $28.30 Million Stock Holdings in Vontier Co. (NYSE:VNT)

Heron Bay Capital Management lifted its holdings in shares of Vontier Co. (NYSE:VNT) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 740,708 shares of the company’s stock after purchasing an additional 11,005 shares during the quarter. Vontier accounts for 6.0% of Heron Bay Capital Management’s holdings, making the stock its largest position. Heron Bay Capital Management owned 0.48% of Vontier worth $28,295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in shares of Vontier during the 4th quarter valued at $50,000. Dimensional Fund Advisors LP grew its stake in Vontier by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,197,762 shares of the company’s stock worth $75,935,000 after buying an additional 178,560 shares in the last quarter. Panagora Asset Management Inc. bought a new position in Vontier in the 4th quarter valued at about $201,000. Norges Bank acquired a new position in shares of Vontier in the 4th quarter valued at approximately $60,612,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Vontier by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 365,825 shares of the company’s stock worth $12,639,000 after acquiring an additional 1,274 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on VNT shares. Robert W. Baird decreased their price objective on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Evercore ISI dropped their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Barclays lowered their target price on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Vontier has an average rating of “Moderate Buy” and an average price target of $44.25.

Vontier Price Performance

Vontier stock opened at $33.24 on Friday. The stock has a 50-day moving average price of $35.25 and a two-hundred day moving average price of $38.90. Vontier Co. has a 12 month low of $28.84 and a 12 month high of $45.62. The company has a market capitalization of $5.13 billion, a PE ratio of 12.04, a P/E/G ratio of 1.47 and a beta of 1.28. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 2.14.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business had revenue of $696.40 million during the quarter, compared to the consensus estimate of $746.43 million. During the same quarter last year, the business earned $0.67 EPS. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. Analysts expect that Vontier Co. will post 2.88 EPS for the current year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be paid a $0.025 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. Vontier’s dividend payout ratio is 3.62%.

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.