23,019 Shares in Vontier Corporation $VNT Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• The Virginia Retirement Systems ET Al purchased 23,019 shares of Vontier Corporation (NYSE:VNT) valued at approximately $849,000 in Q2.
• Vontier's stock has received multiple upgrades from analysts, with a consensus target price of $47.50 and an average rating of "Moderate Buy."
• The company reported a quarterly EPS of $0.79, exceeding expectations, and announced a quarterly dividend of $0.025 with a yield of 0.2%.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Vontier Corporation (NYSE:VNT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,019 shares of the company's stock, valued at approximately $849,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its stake in Vontier by 586.2% in the first quarter. Brooklyn Investment Group now owns 844 shares of the company's stock worth $28,000 after acquiring an additional 721 shares during the period. Olde Wealth Management LLC purchased a new stake in Vontier in the first quarter worth $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in Vontier by 75.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company's stock worth $45,000 after acquiring an additional 529 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in Vontier in the second quarter worth $53,000. Finally, Summit Securities Group LLC bought a new position in Vontier in the first quarter worth $64,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on VNT. UBS Group increased their price objective on Vontier from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Evercore ISI reiterated an "outperform" rating on shares of Vontier in a report on Tuesday, August 19th. Barclays reiterated an "overweight" rating on shares of Vontier in a report on Monday, August 4th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Vontier in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Vontier from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $47.50.

Vontier Price Performance

VNT opened at $43.01 on Friday. The stock has a 50-day moving average price of $42.18 and a 200-day moving average price of $38.13. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.80. The firm has a market cap of $6.31 billion, a PE ratio of 16.35, a P/E/G ratio of 1.39 and a beta of 1.30. Vontier Corporation has a 1 year low of $27.22 and a 1 year high of $43.88.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. Vontier had a return on equity of 41.96% and a net margin of 12.99%.The company had revenue of $773.50 million during the quarter, compared to the consensus estimate of $734.23 million. During the same period last year, the company earned $0.63 EPS. Vontier's revenue for the quarter was up 11.1% on a year-over-year basis. Vontier has set its FY 2025 guidance at 3.100-3.200 EPS. Q3 2025 guidance at 0.740-0.780 EPS. Sell-side analysts predict that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, September 4th. Vontier's dividend payout ratio (DPR) is presently 3.80%.

Vontier Company Profile

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.

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