Mountain Pacific Investment Advisers LLC Grows Stock Holdings in Vontier Co. (NYSE:VNT)

Mountain Pacific Investment Advisers LLC grew its position in Vontier Co. (NYSE:VNT) by 6.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,717 shares of the company’s stock after buying an additional 2,686 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Vontier were worth $1,558,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VNT. International Assets Investment Management LLC boosted its stake in Vontier by 2,976.5% in the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after acquiring an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of Vontier during the third quarter worth $37,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vontier during the 3rd quarter valued at $40,000. Covestor Ltd boosted its position in shares of Vontier by 37.1% in the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after purchasing an additional 395 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Vontier by 10.9% during the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock worth $141,000 after buying an additional 410 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Trading Up 0.8 %

Shares of Vontier stock opened at $37.51 on Tuesday. Vontier Co. has a 1 year low of $31.22 and a 1 year high of $45.62. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The stock has a market cap of $5.63 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26. The firm has a fifty day moving average price of $37.84 and a 200 day moving average price of $36.24.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04. The business had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. Equities research analysts predict that Vontier Co. will post 2.88 earnings per share for the current year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. Vontier’s payout ratio is 3.83%.

Wall Street Analysts Forecast Growth

VNT has been the subject of several recent analyst reports. Barclays lowered their price target on Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. UBS Group initiated coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price for the company. Citigroup decreased their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.63.

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.