63,469 Shares in Vontier Corporation $VNT Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 63,469 Vontier shares worth approximately $1.84 million in the second quarter. Institutional investors now own 95.83% of the company.
• Analyst sentiment is mixed, with four Buy ratings, three Holds and one Sell; the consensus rating is Hold with a $41 price target, compared with a recent share price near $32.
• Vontier exceeded quarterly earnings expectations, reporting $0.89 in EPS and $756.7 million in revenue, while also approving a $1 billion share buyback and maintaining a $0.025 quarterly dividend.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Vontier Corporation (NYSE:VNT - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,469 shares of the company's stock, valued at approximately $1,841,000.

A number of other hedge funds have also recently added to or reduced their stakes in VNT. Royal Bank of Canada grew its position in Vontier by 2.9% in the 1st quarter. Royal Bank of Canada now owns 47,039 shares of the company's stock valued at $1,545,000 after purchasing an additional 1,304 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Vontier by 42.8% in the first quarter. Goldman Sachs Group Inc. now owns 386,140 shares of the company's stock valued at $12,685,000 after buying an additional 115,740 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Vontier by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 583,565 shares of the company's stock valued at $19,170,000 after buying an additional 62,040 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Vontier by 19.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,486 shares of the company's stock valued at $129,000 after buying an additional 568 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Vontier during the second quarter worth about $188,000. Institutional investors and hedge funds own 95.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VNT shares. Argus cut shares of Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, May 26th. KeyCorp increased their price objective on Vontier from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Weiss Ratings upgraded Vontier from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 4th. Wolfe Research reaffirmed an "outperform" rating and set a $43.00 target price on shares of Vontier in a research report on Thursday, July 9th. Finally, Robert W. Baird set a $39.00 price target on Vontier in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Vontier has an average rating of "Hold" and a consensus target price of $41.00.

Vontier Stock Up 3.0%

Vontier stock opened at $32.19 on Friday. Vontier Corporation has a fifty-two week low of $27.25 and a fifty-two week high of $48.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.94 and a current ratio of 1.25. The firm's 50-day simple moving average is $31.96 and its 200 day simple moving average is $32.94. The stock has a market cap of $4.35 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.07 and a beta of 1.13.

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

Vontier Announces Dividend

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

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

About Vontier

Vontier Corporation NYSE: VNT is a global technology company that provides solutions for mobility, transportation and vehicle service industries. Its products and software help businesses manage fueling, fleet operations, vehicle maintenance, payments and other aspects of transportation infrastructure.

Vontier's portfolio includes fueling equipment and payment systems, fuel management and site-management technologies, electric vehicle charging solutions, fleet management and telematics software, and tools and equipment used in automotive repair.

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