Olstein Capital Management L.P. Invests $3.66 Million in Vontier Co. (NYSE:VNT)

Olstein Capital Management L.P. purchased a new stake in Vontier Co. (NYSE:VNT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 106,000 shares of the company's stock, valued at approximately $3,662,000. Olstein Capital Management L.P. owned approximately 0.07% of Vontier as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VNT. Treasurer of the State of North Carolina increased its holdings in Vontier by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 68,343 shares of the company's stock valued at $2,113,000 after acquiring an additional 340 shares in the last quarter. IFP Advisors Inc increased its holdings in Vontier by 29.1% during the 2nd quarter. IFP Advisors Inc now owns 1,774 shares of the company's stock valued at $57,000 after acquiring an additional 400 shares in the last quarter. HighTower Advisors LLC increased its holdings in Vontier by 3.8% during the 1st quarter. HighTower Advisors LLC now owns 12,732 shares of the company's stock valued at $342,000 after acquiring an additional 469 shares in the last quarter. Citigroup Inc. increased its holdings in Vontier by 1.8% during the 3rd quarter. Citigroup Inc. now owns 27,747 shares of the company's stock valued at $858,000 after acquiring an additional 494 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in Vontier by 20.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 3,110 shares of the company's stock valued at $100,000 after acquiring an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on VNT shares. Bank of America raised shares of Vontier from a "neutral" rating to a "buy" rating and raised their price target for the stock from $37.00 to $40.00 in a research note on Thursday, January 11th. Citigroup raised their price target on shares of Vontier from $42.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Argus raised their price target on shares of Vontier from $39.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. Evercore ISI raised their target price on shares of Vontier from $40.00 to $47.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group raised their target price on shares of Vontier from $37.00 to $41.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Vontier has a consensus rating of "Moderate Buy" and an average price target of $44.14.

Vontier Trading Up 0.6 %

VNT stock traded up $0.24 during midday trading on Monday, reaching $43.33. 551,290 shares of the company's stock traded hands, compared to its average volume of 804,146. The company has a market capitalization of $6.67 billion, a P/E ratio of 17.98, a PEG ratio of 1.26 and a beta of 1.31. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.39 and a quick ratio of 1.08. Vontier Co. has a fifty-two week low of $25.48 and a fifty-two week high of $45.62. The business has a 50-day moving average price of $41.51 and a two-hundred day moving average price of $35.91.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The firm had revenue of $789.00 million for the quarter, compared to analysts' expectations of $780.92 million. Vontier had a net margin of 12.18% and a return on equity of 60.00%. Vontier's revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 earnings per share. Equities research analysts forecast that Vontier Co. will post 3.15 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.23%. Vontier's dividend payout ratio (DPR) is 4.15%.

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.