Townsquare Capital LLC Takes Position in Vontier Co. (NYSE:VNT)

Townsquare Capital LLC bought a new stake in shares of Vontier Co. (NYSE:VNT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 6,086 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors also recently modified their holdings of the stock. Covestor Ltd lifted its position in shares of Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after acquiring an additional 395 shares during the period. Blue Trust Inc. lifted its position in shares of Vontier by 10.9% during the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock valued at $141,000 after acquiring an additional 410 shares during the period. Ritholtz Wealth Management lifted its position in shares of Vontier by 3.3% during the 2nd quarter. Ritholtz Wealth Management now owns 13,129 shares of the company’s stock valued at $502,000 after acquiring an additional 420 shares during the period. Benjamin Edwards Inc. lifted its position in shares of Vontier by 6.2% during the 2nd quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company’s stock valued at $295,000 after acquiring an additional 448 shares during the period. Finally, Creative Planning lifted its position in shares of Vontier by 2.8% during the 2nd quarter. Creative Planning now owns 17,918 shares of the company’s stock valued at $684,000 after acquiring an additional 491 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore ISI dropped their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Barclays upped their price objective on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Vontier Price Performance

Vontier stock opened at $38.64 on Friday. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62. The company’s 50 day moving average price is $36.60 and its two-hundred day moving average price is $36.67. The stock has a market cap of $5.80 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.83 and a beta of 1.24. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts predict that Vontier Co. will post 2.89 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier’s payout ratio is 3.83%.

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.