Vontier Co. (NYSE:VNT) Stake Lifted by Heron Bay Capital Management

Heron Bay Capital Management grew its position in Vontier Co. (NYSE:VNT) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 750,908 shares of the company’s stock after buying an additional 5,426 shares during the quarter. Vontier accounts for 5.7% of Heron Bay Capital Management’s holdings, making the stock its 2nd largest holding. Heron Bay Capital Management owned about 0.50% of Vontier worth $27,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis Advisors LLC lifted its holdings in Vontier by 3.6% during the third quarter. Natixis Advisors LLC now owns 117,064 shares of the company’s stock worth $3,950,000 after buying an additional 4,116 shares during the period. Quest Partners LLC lifted its position in shares of Vontier by 475.4% during the third quarter. Quest Partners LLC now owns 4,505 shares of the company’s stock valued at $152,000 after buying an additional 3,722 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Vontier by 1.6% in the 3rd quarter. King Luther Capital Management Corp now owns 148,783 shares of the company’s stock valued at $5,020,000 after buying an additional 2,293 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Vontier in the 3rd quarter worth approximately $344,000. Finally, Foundry Partners LLC bought a new position in shares of Vontier during the 3rd quarter worth approximately $573,000. Institutional investors own 95.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research note on Thursday, December 12th. Citigroup lowered their price target on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 13th. Robert W. Baird upped their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Barclays lifted their target price on shares of Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, UBS Group started coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

Vontier Stock Performance

VNT opened at $33.69 on Friday. The firm has a market capitalization of $5.01 billion, a PE ratio of 12.25, a PEG ratio of 1.23 and a beta of 1.26. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. Vontier Co. has a twelve month low of $31.22 and a twelve month high of $45.62. The firm’s 50-day moving average price is $36.82 and its 200 day moving average price is $36.36.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $776.80 million for the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. As a group, sell-side analysts expect that Vontier Co. will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 annualized dividend and a yield of 0.30%. Vontier’s dividend payout ratio (DPR) is 3.64%.

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.