River Road Asset Management LLC Sells 143,690 Shares of Vontier Co. (NYSE:VNT)

River Road Asset Management LLC reduced its position in Vontier Co. (NYSE:VNT - Free Report) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,984,102 shares of the company's stock after selling 143,690 shares during the quarter. Vontier comprises about 1.4% of River Road Asset Management LLC's holdings, making the stock its 20th biggest holding. River Road Asset Management LLC owned 1.93% of Vontier worth $103,101,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Olstein Capital Management L.P. bought a new position in shares of Vontier in the fourth quarter valued at approximately $3,662,000. Assenagon Asset Management S.A. bought a new stake in Vontier during the fourth quarter valued at approximately $2,192,000. Mutual of America Capital Management LLC lifted its position in Vontier by 71.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company's stock valued at $5,949,000 after purchasing an additional 71,515 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Vontier by 89.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company's stock valued at $1,678,000 after purchasing an additional 25,632 shares during the last quarter. Finally, Segment Wealth Management LLC bought a new stake in Vontier during the fourth quarter valued at approximately $900,000. 95.83% of the stock is currently owned by institutional investors.

Vontier Price Performance

Shares of VNT stock traded down $0.22 during trading hours on Wednesday, hitting $40.39. 596,761 shares of the company's stock were exchanged, compared to its average volume of 785,616. The company has a current ratio of 1.39, a quick ratio of 1.08 and a debt-to-equity ratio of 2.44. Vontier Co. has a 12-month low of $26.23 and a 12-month high of $45.62. The business's 50 day simple moving average is $42.32 and its 200-day simple moving average is $36.41. The company has a market capitalization of $6.22 billion, a PE ratio of 16.76, a PEG ratio of 1.20 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. Vontier had a net margin of 12.18% and a return on equity of 60.00%. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $780.92 million. During the same period in the previous year, the firm earned $0.81 earnings per share. The firm's revenue for the quarter was down 9.5% on a year-over-year basis. On average, equities research analysts anticipate that Vontier Co. will post 3.15 earnings per share for the current year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Wednesday, March 6th. Vontier's payout ratio is 4.15%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VNT. Argus lifted their target price on shares of Vontier from $39.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, March 18th. UBS Group lifted their target price on shares of Vontier from $42.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, February 16th. The Goldman Sachs Group lifted their target price on shares of Vontier from $37.00 to $41.00 and gave the company a "neutral" rating in a research report on Tuesday, February 20th. Evercore ISI lifted their price target on shares of Vontier from $40.00 to $47.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. Finally, Bank of America raised shares of Vontier from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $37.00 to $40.00 in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Vontier presently has an average rating of "Moderate Buy" and a consensus target price of $45.00.

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.