Olstein Capital Management L.P. Acquires 40,500 Shares of Vontier Co. (NYSE:VNT)

Olstein Capital Management L.P. raised its holdings in Vontier Co. (NYSE:VNT) by 38.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,500 shares of the company’s stock after buying an additional 40,500 shares during the period. Olstein Capital Management L.P. owned about 0.09% of Vontier worth $6,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VNT. Rise Advisors LLC bought a new position in shares of Vontier during the first quarter worth approximately $27,000. Opal Wealth Advisors LLC bought a new position in shares of Vontier during the first quarter worth approximately $30,000. Riverview Trust Co bought a new position in shares of Vontier during the first quarter worth approximately $33,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Vontier during the fourth quarter worth approximately $35,000. Finally, International Assets Investment Management LLC increased its stake in shares of Vontier by 3,355.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,313 shares of the company’s stock worth $45,000 after purchasing an additional 1,275 shares during the period. Institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

Shares of VNT stock traded up $0.05 during trading hours on Wednesday, reaching $38.33. The company’s stock had a trading volume of 344,533 shares, compared to its average volume of 741,653. The firm’s 50 day simple moving average is $39.63 and its 200-day simple moving average is $39.28. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.11 and a beta of 1.29. Vontier Co. has a fifty-two week low of $28.84 and a fifty-two week high of $45.62. The company has a quick ratio of 1.23, a current ratio of 1.57 and a debt-to-equity ratio of 2.21.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $755.80 million for the quarter, compared to the consensus estimate of $754.50 million. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. Sell-side analysts forecast that Vontier Co. will post 3.15 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 6th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Thursday, June 6th. Vontier’s dividend payout ratio (DPR) is 3.62%.

Analysts Set New Price Targets

VNT has been the topic of a number of recent research reports. Citigroup increased their target price on Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Argus raised their price objective on Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. One 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Vontier Profile

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.