Vontier Corporation $VNT Position Boosted by Ameriprise Financial Inc.

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. lifted its holdings in shares of Vontier Corporation (NYSE:VNT - Free Report) by 39.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,515,334 shares of the company's stock after acquiring an additional 999,755 shares during the quarter. 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.

Several other large investors have also recently added to or reduced their stakes in VNT. Marshall Wace LLP acquired a new position in Vontier in the 4th quarter worth $1,430,000. Dimensional Fund Advisors LP raised its stake in Vontier by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,666,927 shares of the company's stock worth $97,260,000 after acquiring an additional 75,775 shares during the period. MetLife Investment Management LLC lifted its holdings in Vontier by 6.6% in the fourth quarter. MetLife Investment Management LLC now owns 84,664 shares of the company's stock worth $3,088,000 after acquiring an additional 5,212 shares during the last quarter. MML Investors Services LLC boosted its stake in Vontier by 7.5% in the fourth quarter. MML Investors Services LLC now owns 44,398 shares of the company's stock valued at $1,619,000 after acquiring an additional 3,116 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Vontier by 15.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,650 shares of the company's stock valued at $571,000 after purchasing an additional 2,061 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Trading Down 1.5%

Shares of NYSE:VNT traded down $0.65 during midday trading on Friday, reaching $42.78. The company had a trading volume of 317,130 shares, compared to its average volume of 981,857. The company has a fifty day simple moving average of $39.78 and a two-hundred day simple moving average of $36.20. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.43 and a beta of 1.31. Vontier Corporation has a 1-year low of $27.22 and a 1-year high of $43.78. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.80 and a current ratio of 1.08.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The company had revenue of $773.50 million during the quarter, compared to analyst estimates of $734.23 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The business's quarterly 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. Research analysts predict that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.2%. Vontier's dividend payout ratio (DPR) is currently 3.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VNT. Evercore ISI reissued an "outperform" rating on shares of Vontier in a report on Tuesday, August 19th. Wall Street Zen upgraded Vontier from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Citigroup reissued a "buy" rating and set a $45.00 price target (up previously from $37.00) on shares of Vontier in a report on Monday, July 14th. Argus raised shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a report on Tuesday, August 5th. Finally, UBS Group lifted their price objective on shares of Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Vontier presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.50.

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.