Mountain Pacific Investment Advisers Inc. ID Reduces Holdings in Vontier Co. While Vontier Announces Upcoming Dividend Payment

Mountain Pacific Investment Advisers Inc. ID has recently disclosed in its filing with the Securities and Exchange Commission (SEC) a significant reduction in its holdings of Vontier Co. (NYSE:VNT) during the first quarter. The institutional investor sold 223,231 shares of the company’s stock, resulting in a 52.0% decrease in its ownership. As a result, Mountain Pacific Investment Advisers Inc. ID now holds 206,469 shares of Vontier, which represents 0.13% of the company’s total worth in the most recent quarter.

Vontier, a leading industrial technology company, has also made an important announcement regarding their upcoming quarterly dividend payment. Shareholders who are registered as of September 7th will receive a dividend of $0.025 per share on Thursday, September 28th. This amount translates to an annualized dividend payout ratio of $0.10 and a yield of 0.34%. However, investors should take note that the ex-dividend date for this payment is Wednesday, September 6th.

The reduction in Mountain Pacific Investment Advisers Inc. ID’s holdings of Vontier indicates their decision to liquidate a significant portion of their investment in the company during the first quarter. While it is unclear what may have prompted this move by the institutional investor, it suggests that they may have chosen to reallocate their portfolio or invest elsewhere.

Vontier’s announcement regarding their quarterly dividend payment highlights their commitment to providing returns to shareholders through regular dividends. By considering both the payout ratio and yield, investors can assess how much they can expect to receive in dividend income relative to their investment in Vontier.

It is essential for investors interested in Vontier Co. (NYSE:VNT) to review these recent developments carefully before making any investment decisions regarding the company’s stock or potential future dividends. Moreover, staying up-to-date with the latest filings with the Securities and Exchange Commission can provide valuable insights into institutional investor activities, which could potentially influence stock prices.

As of September 14, 2023, the information provided in this article reflects the current situation surrounding Mountain Pacific Investment Advisers Inc. ID’s reduction of holdings in Vontier Co. Additionally, market conditions and company developments may evolve, therefore making it crucial for investors to conduct due diligence and seek advice from qualified professionals before making any investment decisions regarding Vontier or any other stocks.

Vontier Corporation


Strong Buy

Updated on: 15/09/2023

Price Target

Current $30.20

Concensus $32.67

Low $0.00

Median $37.00

High $0.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firm Rating
Credit Suisse Sell
Julian Mitchell
Stephen Tusa
J.P. Morgan

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Vontier Co. Shows Promise with Support from Institutional Investors and Positive Analyst Sentiment

Vontier Co. (NYSE:VNT), a leading industrial technology company, has attracted the attention of various institutional investors and hedge funds, who have been actively adding or reducing their stakes in the company. T. Rowe Price Investment Management Inc., for instance, acquired a new position in Vontier during the fourth quarter of the previous fiscal year, with an approximate value of $127 million. Similarly, Turtle Creek Asset Management Inc. significantly increased its holdings in Vontier by a staggering 4,076.8% during the first quarter, now owning over 2.4 million shares valued at approximately $65.7 million.

Adding to the list of supportive institutional investors is Select Equity Group L.P., which acquired a new position in Vontier worth around $50 million in the first quarter of this year. Norges Bank also made an investment in Vontier during the fourth quarter of the previous fiscal year, purchasing shares worth around $34 million.

Artisan Partners Limited Partnership was another significant investor that raised its holdings in Vontier by 60.9% during the fourth quarter, now possessing over 3.1 million shares valued at approximately $61.8 million.

These considerable investments from prominent institutional players highlight their confidence and belief in Vontier’s growth potential and market performance.

Speaking about analyst reports on Vontier, it is notable that Argus recently increased their price target on VNT from $32 to $35 per share. Additionally, Barclays also revised their target price upward from $35 to $40 per share for Vontier stock and labeled it as “overweight.” Altogether, four research analysts have given a “hold” rating to the stock while two carry a “buy” rating for Vontier’s future prospects.

In terms of recent trading activity on September 14th this year, shares of NYSE:VNT closed at $29.74, experiencing a minor decline of $0.10 during the trading session. The company witnessed 43,052 shares being traded for the day, compared to its average daily volume of 954,964 shares.

Vontier’s stock performance showcases stability and consistent growth figures over time. With a fifty-day simple moving average of $30.86 and a two-hundred-day simple moving average of $29.12, Vontier has demonstrated robust price stability amidst market fluctuations.

Furthermore, Vontier maintains a healthy liquidity position with a quick ratio of 1.12 and current ratio of 1.51, ensuring the company’s ability to meet short-term obligations comfortably. Additionally, Vontier exhibits a prudent debt-to-equity ratio of 3.45, which signifies the company’s conservative approach towards capital structure management.

With regards to financial results for the recent quarter ending August 3rd this year, Vontier reported earnings per share (EPS) of $0.67. This surpassed analysts’ consensus estimates by $0.02 per share, showing strength in profitability figures for the company during that period. Notably, Vontier achieved a net margin of 9.31% and an impressive return on equity (ROE) figure of 78.50%. The quarter also recorded revenue amounting to $764.40 million.

Looking ahead, analysts anticipate that Vontier Co., given its strong financial position and strategic investments from institutional investors, will continue to deliver solid performance in terms of earnings per share (EPS). For the current fiscal year, it is estimated that VNT will post EPS figures around $2.86.

Overall, Vontier Co.’s notable engagement with institutional investors and positive analyst sentiment indicate promising growth potential for this industrial technology company moving forward.

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