Banyan Capital Management Inc. Has $13.60 Million Stake in Vontier Co. (NYSE:VNT)

Banyan Capital Management Inc. increased its stake in Vontier Co. (NYSE:VNT) by 2.4% in the third quarter, HoldingsChannel reports. The fund owned 403,190 shares of the company’s stock after purchasing an additional 9,335 shares during the period. Vontier makes up about 7.9% of Banyan Capital Management Inc.’s portfolio, making the stock its 5th biggest position. Banyan Capital Management Inc.’s holdings in Vontier were worth $13,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC raised its position in Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after purchasing an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in Vontier during the 3rd quarter valued at approximately $37,000. Ashton Thomas Private Wealth LLC bought a new position in Vontier during the 2nd quarter valued at approximately $44,000. Covestor Ltd raised its position in 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 purchasing an additional 395 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Vontier by 32.0% during the 2nd quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock valued at $124,000 after purchasing an additional 786 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on VNT shares. Barclays upped their price target on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Evercore ISI decreased their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, Robert W. Baird decreased their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Vontier Stock Performance

Shares of VNT opened at $38.08 on Monday. The business’s fifty day simple moving average is $34.93 and its two-hundred day simple moving average is $36.80. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. Vontier Co. has a 12 month low of $31.22 and a 12 month high of $45.62. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.78 and a beta of 1.25.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating 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 the consensus estimate of $729.23 million. During the same period last year, the business posted $0.73 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. Research analysts anticipate that Vontier Co. will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

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