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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.