Vontier Co. (NYSE:VNT) Shares Acquired by Eldred Rock Partners LLC

Eldred Rock Partners LLC lifted its holdings in Vontier Co. (NYSE:VNT - Free Report) by 11.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 446,364 shares of the company's stock after purchasing an additional 45,011 shares during the period. Vontier comprises 4.5% of Eldred Rock Partners LLC's holdings, making the stock its 5th biggest position. Eldred Rock Partners LLC owned 0.30% of Vontier worth $14,655,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VNT. Benjamin Edwards Inc. increased its stake in shares of Vontier by 2.2% in the fourth quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company's stock worth $448,000 after acquiring an additional 270 shares during the period. Foundry Partners LLC lifted its holdings in Vontier by 1.9% during the fourth quarter. Foundry Partners LLC now owns 17,304 shares of the company's stock valued at $631,000 after purchasing an additional 324 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Vontier by 5.0% during the fourth quarter. Quadrant Capital Group LLC now owns 7,049 shares of the company's stock valued at $257,000 after purchasing an additional 338 shares in the last quarter. Bailard Inc. lifted its holdings in Vontier by 0.6% during the fourth quarter. Bailard Inc. now owns 61,207 shares of the company's stock valued at $2,232,000 after purchasing an additional 356 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its stake in shares of Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after buying an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Insider Buying and Selling

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the transaction, the senior vice president now owns 88,248 shares in the company, valued at $3,206,932.32. This represents a 7.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.97% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Citigroup dropped their target price on shares of Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Evercore ISI raised their price objective on shares of Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Barclays raised their price objective on shares of Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $44.83.

Vontier Stock Up 0.6%

Shares of NYSE VNT traded up $0.21 during trading on Thursday, reaching $36.08. 293,585 shares of the stock were exchanged, compared to its average volume of 910,921. The business's 50-day moving average price is $33.01 and its 200 day moving average price is $35.67. Vontier Co. has a twelve month low of $27.22 and a twelve month high of $41.61. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.06. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The firm had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. During the same period in the prior year, the firm posted $0.74 EPS. The firm's revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts forecast that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be issued a $0.025 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. Vontier's dividend payout ratio (DPR) is presently 4.07%.

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.