Ameriprise Financial Inc. Grows Stock Holdings in Vontier Corporation $VNT

Key Points

• Ameriprise Financial Inc. significantly increased its stake in Vontier Corporation by 39.7%, acquiring 999,755 shares and owning a total of 3,515,334 shares valued at approximately $115.5 million.
• Vontier reported earnings per share of $0.79 for its latest quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 11.1%.
• The company announced a quarterly dividend of $0.025 per share, with a low payout ratio of 3.80%, and has set its FY 2025 guidance between 3.100-3.200 EPS.

Ameriprise Financial Inc. raised its holdings in Vontier Corporation (NYSE:VNT - Free Report) by 39.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,515,334 shares of the company's stock after buying an additional 999,755 shares during the period. Ameriprise Financial Inc. owned about 2.38% of Vontier worth $115,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Benjamin Edwards Inc. increased its stake in shares of Vontier by 2.2% during the 4th quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company's stock worth $448,000 after purchasing an additional 270 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its stake in Vontier by 0.8% in the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 37,000 shares of the company's stock valued at $1,218,000 after purchasing an additional 300 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Vontier by 3.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 9,287 shares of the company's stock valued at $301,000 after purchasing an additional 337 shares during the period. Blue Trust Inc. increased its position in Vontier by 14.9% in the first quarter. Blue Trust Inc. now owns 4,437 shares of the company's stock worth $146,000 after buying an additional 574 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Vontier by 0.4% in the fourth quarter. Captrust Financial Advisors now owns 153,598 shares of the company's stock worth $5,602,000 after buying an additional 597 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. UBS Group increased their price target on Vontier from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. KeyCorp assumed coverage on shares of Vontier in a research report on Thursday, August 21st. They set an "overweight" rating and a $50.00 target price for the company. Argus raised shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 price target on the stock in a research report on Tuesday, August 5th. Evercore ISI restated an "outperform" rating on shares of Vontier in a research note on Tuesday, August 19th. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of Vontier in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $47.50.

Vontier Price Performance

Shares of VNT stock traded down $0.58 on Friday, reaching $42.85. The company's stock had a trading volume of 705,767 shares, compared to its average volume of 1,068,605. The company has a market capitalization of $6.29 billion, a P/E ratio of 16.29, a PEG ratio of 1.42 and a beta of 1.31. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $43.78. The stock's 50 day simple moving average is $39.92 and its 200-day simple moving average is $36.22. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results 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 business had revenue of $773.50 million during the quarter, compared to analysts' expectations of $734.23 million. During the same period in the previous year, the business earned $0.63 earnings per share. The firm's revenue 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. As a group, equities analysts predict that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, September 4th. Vontier's dividend payout ratio (DPR) is currently 3.80%.

About Vontier

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.