32,061 Vontier Corporation $VNT Shares Acquired by Private Management Group Inc.

Key Points

• Private Management Group increased its Vontier stake by 4.5%, buying 32,061 shares in the third quarter to hold 743,814 shares valued at about $23.4 million. Institutional investors collectively own 95.83% of the company.
• Vontier beat quarterly earnings and revenue estimates, reporting EPS of $0.92 versus $0.84 expected and revenue of $736.9 million versus $728 million expected; revenue declined 2.1% year over year.
• Analyst views remain mixed, with a consensus “Hold” rating and an average price target of $42.86. Vontier also declared a quarterly dividend of $0.025 per share.

Private Management Group Inc. lifted its position in Vontier Corporation (NYSE:VNT - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 743,814 shares of the company's stock after purchasing an additional 32,061 shares during the quarter. Private Management Group Inc. owned about 0.55% of Vontier worth $23,356,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new position in Vontier during the 2nd quarter worth approximately $39,000. Scarborough Advisors LLC acquired a new stake in Vontier during the 1st quarter valued at approximately $57,000. Covestor Ltd boosted its holdings in shares of Vontier by 112.9% in the 3rd quarter. Covestor Ltd now owns 2,506 shares of the company's stock valued at $79,000 after acquiring an additional 1,329 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Vontier in the 2nd quarter valued at $103,000. Finally, IFP Advisors Inc increased its stake in shares of Vontier by 131.1% in the second quarter. IFP Advisors Inc now owns 3,628 shares of the company's stock worth $105,000 after acquiring an additional 2,058 shares during the period. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Trading Up 3.7%

Shares of Vontier stock opened at $43.81 on Tuesday. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.29 and a beta of 1.13. Vontier Corporation has a fifty-two week low of $27.25 and a fifty-two week high of $48.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.94 and a current ratio of 1.25. The stock has a 50 day moving average of $33.43 and a 200 day moving average of $33.83.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. Vontier had a return on equity of 38.57% and a net margin of 11.34%. The company had revenue of $736.90 million for the quarter, compared to the consensus estimate of $727.98 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. The company's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, research analysts predict that Vontier Corporation will post 3.62 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a dividend of $0.0250 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, November 19th. Vontier's dividend payout ratio (DPR) is presently 4.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Robert W. Baird raised their price target on shares of Vontier from $39.00 to $46.00 and gave the stock a "neutral" rating in a research note on Monday. KeyCorp raised their target price on shares of Vontier from $40.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday. Weiss Ratings upgraded Vontier from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 4th. Finally, Citigroup upped their price target on Vontier from $44.00 to $47.00 and gave the company a "buy" rating in a research report on Friday. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $42.86.

Vontier Company Profile

Vontier Corporation NYSE: VNT is a global technology company serving the mobility, convenience retail and commercial transportation industries. Its products and services help businesses manage fueling and energy infrastructure, vehicle maintenance, payments and fleet operations.

The company's offerings include fuel dispensers and payment systems, fuel-management and tank-monitoring technology, fleet telematics, vehicle diagnostic equipment and tools, and software for electric-vehicle charging.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.