Palisade Capital Management LLC NJ Makes New Investment in Vontier Co. (NYSE:VNT)

Palisade Capital Management LLC NJ purchased a new stake in shares of Vontier Co. (NYSE:VNTGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,848 shares of the company’s stock, valued at approximately $250,000.

Several other institutional investors have also recently made changes to their positions in VNT. Anchor Capital Advisors LLC purchased a new position in shares of Vontier during the first quarter valued at $47,443,000. Thompson Siegel & Walmsley LLC increased its stake in shares of Vontier by 38.0% during the first quarter. Thompson Siegel & Walmsley LLC now owns 4,657,508 shares of the company’s stock valued at $118,254,000 after buying an additional 1,282,516 shares during the period. Kiltearn Partners LLP purchased a new position in shares of Vontier during the fourth quarter valued at $31,166,000. Bank of Montreal Can increased its stake in shares of Vontier by 2,519.4% during the fourth quarter. Bank of Montreal Can now owns 755,627 shares of the company’s stock valued at $23,469,000 after buying an additional 726,780 shares during the period. Finally, Sound Shore Management Inc. CT increased its stake in shares of Vontier by 20.3% during the first quarter. Sound Shore Management Inc. CT now owns 3,696,991 shares of the company’s stock valued at $93,867,000 after buying an additional 624,595 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Vontier Price Performance

Shares of VNT stock opened at $24.72 on Friday. Vontier Co. has a 1-year low of $21.16 and a 1-year high of $37.08. The stock’s 50-day moving average is $24.11 and its 200 day moving average is $25.22. The company has a market cap of $3.98 billion, a P/E ratio of 7.29, a PEG ratio of 1.52 and a beta of 1.03. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.48 and a quick ratio of 1.10.

Vontier (NYSE:VNTGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. The business had revenue of $776.40 million during the quarter, compared to the consensus estimate of $763.00 million. Vontier had a return on equity of 102.18% and a net margin of 18.88%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. Research analysts predict that Vontier Co. will post 3.23 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Shareholders of record on Thursday, June 2nd were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Wednesday, June 1st. Vontier’s dividend payout ratio is presently 2.95%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. The Goldman Sachs Group cut their price target on Vontier from $31.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, June 23rd. Barclays dropped their price objective on Vontier from $39.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Vontier has an average rating of “Moderate Buy” and a consensus target price of $30.50.

About Vontier

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Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment.

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Institutional Ownership by Quarter for Vontier (NYSE:VNT)

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