Confluence Investment Management LLC Invests $27.77 Million in Vontier Co. (NYSE:VNT)

Confluence Investment Management LLC bought a new position in shares of Vontier Co. (NYSE:VNT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 612,224 shares of the company’s stock, valued at approximately $27,770,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Vontier in the fourth quarter valued at about $35,000. International Assets Investment Management LLC raised its holdings in shares of Vontier by 3,355.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,313 shares of the company’s stock valued at $45,000 after acquiring an additional 1,275 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Vontier in the fourth quarter valued at about $50,000. Scarborough Advisors LLC bought a new stake in shares of Vontier in the fourth quarter valued at about $56,000. Finally, CWM LLC raised its holdings in shares of Vontier by 78.9% in the fourth quarter. CWM LLC now owns 1,911 shares of the company’s stock valued at $66,000 after acquiring an additional 843 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VNT. Argus lifted their price objective on Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 18th. The Goldman Sachs Group lifted their price objective on Vontier from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Evercore ISI lifted their target price on Vontier from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, Citigroup lifted their target price on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Vontier Stock Up 1.8 %

Shares of VNT stock traded up $0.70 during trading hours on Tuesday, reaching $39.06. 200,594 shares of the company’s stock were exchanged, compared to its average volume of 723,435. Vontier Co. has a 1 year low of $28.84 and a 1 year high of $45.62. The stock has a market cap of $6.03 billion, a PE ratio of 13.91, a PEG ratio of 1.11 and a beta of 1.31. The company has a current ratio of 1.57, a quick ratio of 1.23 and a debt-to-equity ratio of 2.21. The stock’s fifty day moving average price is $40.14 and its two-hundred day moving average price is $38.94.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The business had revenue of $755.80 million for the quarter, compared to analyst estimates of $754.50 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. Research analysts predict that Vontier Co. will post 3.15 EPS for the current year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 6th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, June 6th. Vontier’s dividend payout ratio (DPR) 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.