1,042,060 Shares in Vontier Corporation $VNT Purchased by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 1.04 million Vontier shares worth approximately $30.2 million, taking a 0.74% stake. Institutional investors collectively own 95.83% of the company.
• Vontier exceeded quarterly expectations, reporting $0.89 in earnings per share versus the $0.80 consensus estimate and $756.7 million in revenue, although revenue declined 2.2% year over year.
• The company authorized a $1 billion share-repurchase program covering up to 25.4% of outstanding shares and declared a quarterly dividend of $0.025 per share. Analysts’ average rating is “Hold,” with a $41 price target versus a recent share price of $32.78.

Bank of New York Mellon Corp acquired a new stake in Vontier Corporation (NYSE:VNT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,042,060 shares of the company's stock, valued at approximately $30,220,000. Bank of New York Mellon Corp owned approximately 0.74% of Vontier at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VNT. Scarborough Advisors LLC bought a new stake in shares of Vontier during the first quarter valued at approximately $57,000. Employees Retirement System of Texas bought a new position in Vontier in the 3rd quarter valued at $58,000. Clearstead Advisors LLC boosted its position in Vontier by 82.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,665 shares of the company's stock valued at $62,000 after buying an additional 754 shares during the last quarter. Quarry LP increased its stake in shares of Vontier by 5,897.1% in the 3rd quarter. Quarry LP now owns 2,099 shares of the company's stock valued at $88,000 after buying an additional 2,064 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of Vontier by 152.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company's stock worth $98,000 after acquiring an additional 1,591 shares during the last quarter. 95.83% of the stock is owned by institutional investors.

Vontier Price Performance

VNT stock opened at $32.78 on Friday. The company's 50-day moving average price is $31.37 and its two-hundred day moving average price is $33.58. The firm has a market cap of $4.43 billion, a P/E ratio of 13.60, a P/E/G ratio of 1.12 and a beta of 1.15. The company has a quick ratio of 0.94, a current ratio of 1.25 and a debt-to-equity ratio of 1.33. Vontier Corporation has a 12 month low of $27.25 and a 12 month high of $48.20.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.09. The company had revenue of $756.70 million during the quarter, compared to the consensus estimate of $747.12 million. Vontier had a net margin of 11.34% and a return on equity of 38.57%. The firm's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS. Vontier has set its FY 2026 guidance at 3.450-3.550 EPS and its Q3 2026 guidance at 0.820-0.860 EPS. On average, analysts anticipate that Vontier Corporation will post 3.49 earnings per share for the current fiscal year.

Vontier declared that its board has approved a share repurchase program on Tuesday, May 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy up to 25.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Vontier's dividend payout ratio (DPR) is currently 4.15%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wolfe Research reissued an "outperform" rating and set a $43.00 price objective on shares of Vontier in a report on Thursday, July 9th. Barclays lowered their price target on shares of Vontier from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, May 8th. Evercore set a $36.00 price target on shares of Vontier in a research note on Monday, May 11th. Robert W. Baird set a $39.00 price objective on shares of Vontier in a report on Friday, August 7th. Finally, Argus cut shares of Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Vontier currently has an average rating of "Hold" and an average price target of $41.00.

Vontier Profile

Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.

The company’s diversified portfolio spans several well-known brands.

Want to see what other hedge funds are holding VNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vontier Corporation (NYSE:VNT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source