Atria Investments Inc Boosts Stake in Vontier Co. (NYSE:VNT)

Atria Investments Inc grew its holdings in Vontier Co. (NYSE:VNT) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,083 shares of the company’s stock after purchasing an additional 718 shares during the period. Atria Investments Inc’s holdings in Vontier were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in Vontier by 305.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock valued at $34,473,000 after buying an additional 679,651 shares during the last quarter. Stanley Capital Management LLC acquired a new position in shares of Vontier in the 2nd quarter worth approximately $17,954,000. River Road Asset Management LLC boosted its position in shares of Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock worth $79,510,000 after purchasing an additional 415,750 shares during the period. Eldred Rock Partners LLC acquired a new stake in Vontier in the 2nd quarter valued at approximately $14,613,000. Finally, Price T Rowe Associates Inc. MD raised its position in Vontier by 24.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock valued at $76,898,000 after purchasing an additional 329,191 shares during the period. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Trading Up 0.8 %

NYSE VNT opened at $37.39 on Thursday. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62. The firm has a 50 day moving average of $35.25 and a two-hundred day moving average of $36.77. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $5.62 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.76 and a beta of 1.25.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The company’s 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date is Thursday, November 21st. Vontier’s payout ratio is 3.83%.

Analyst Upgrades and Downgrades

VNT has been the subject of a number of research reports. Robert W. Baird dropped their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Evercore ISI cut their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Barclays raised their price objective on shares of Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

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.