U.S. markets close in 31 minutes
  • S&P 500

    3,798.45
    +7.52 (+0.20%)
     
  • Dow 30

    30,396.77
    +80.45 (+0.27%)
     
  • Nasdaq

    11,181.84
    +5.44 (+0.05%)
     
  • Russell 2000

    1,764.37
    -11.40 (-0.64%)
     
  • Crude Oil

    87.79
    +1.27 (+1.47%)
     
  • Gold

    1,727.40
    -3.10 (-0.18%)
     
  • Silver

    20.76
    -0.34 (-1.61%)
     
  • EUR/USD

    0.9897
    -0.0089 (-0.89%)
     
  • 10-Yr Bond

    3.7590
    +0.1420 (+3.93%)
     
  • GBP/USD

    1.1350
    -0.0124 (-1.08%)
     
  • USD/JPY

    144.4600
    +0.2610 (+0.18%)
     
  • BTC-USD

    20,235.20
    +143.40 (+0.71%)
     
  • CMC Crypto 200

    458.86
    +0.45 (+0.10%)
     
  • FTSE 100

    7,052.62
    -33.84 (-0.48%)
     
  • Nikkei 225

    27,120.53
    +128.32 (+0.48%)
     

Is it a Good Choice to Invest in Vontier (VNT)?

·2 min read

Mayar Capital, an asset management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. For the three months ending March 31, 2021, Mayar Fund (Class A) was down 6.6% net of all expenses and fees, while the MSCI World Index declined by 5.2% in the same period. Since its inception in May 2011, Mayar Fund has seen a 198.7% increase versus a 180.9% increase for the MSCI. That corresponds to a 10.6% annualized rate of return for the Mayar Fund, compared to 10.1% for the MSCI. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Mayar Capital mentioned Vontier Corporation (NYSE:VNT) and explained its insights for the company. Founded in 2019, Vontier Corporation (NYSE:VNT) is a Raleigh, North Carolina-based global industrial technology company with a $3.7 billion market capitalization. Vontier Corporation (NYSE:VNT) delivered a -22.39% return since the beginning of the year, while its 12-month returns are down by -29.71%. The stock closed at $23.85 per share on August 17, 2022.

Here is what Mayar Capital has to say about Vontier Corporation (NYSE:VNT) in its Q2 2022 investor letter: 

"Vontier, the point of sale terminal and software supplier to gas stations across America (and Danaher spin-off) continues to perform as expected. The group closed a notable acquisition of DRB Systems in the year. DRB Systems is a provider of point of sale and business software solutions to the car wash industry and therefore has a similar but EV-agnostic profile to Vontier. Given the pedigree of Vontier, we expect integration of this business to be strong and prove the Vontier Business System (named after the famed value-creating Danaher Business System) and value driver for Vontier’s shareholders."

Our calculations show that Vontier Corporation (NYSE:VNT) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Vontier Corporation (NYSE:VNT) was in 29 hedge fund portfolios at the end of the second quarter of 2022, compared to 37 funds in the previous quarter. Vontier Corporation (NYSE:VNT) delivered a -12.64% return in the past 3 months.

In April 2022, we also shared another hedge fund’s views on Vontier Corporation (NYSE:VNT) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.

Disclosure: None. This article is originally published at Insider Monkey.