Ancora Advisors LLC Makes New Investment in Vontier Corporation $VNT

Key Points

• Ancora Advisors acquired 539,805 Vontier shares worth approximately $15.7 million, joining several institutional investors that recently increased or initiated positions. Institutions collectively own 95.83% of Vontier’s outstanding stock.
• Vontier exceeded quarterly expectations, reporting $0.89 in EPS versus the $0.80 consensus estimate and revenue of $756.7 million. However, revenue declined 2.2% year over year, and analysts’ consensus rating remains “Hold” with a $41 price target.
• The company declared a quarterly dividend of $0.025 per share and authorized a $1 billion stock-repurchase program, allowing it to buy back up to 25.4% of outstanding shares.

Ancora Advisors LLC bought a new stake in shares of Vontier Corporation (NYSE:VNT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 539,805 shares of the company's stock, valued at approximately $15,654,000. Ancora Advisors LLC owned about 0.40% of Vontier as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in VNT. BlackRock Inc. bought a new stake in Vontier in the 2nd quarter worth approximately $388,315,000. Boston Partners bought a new position in shares of Vontier during the 4th quarter valued at $132,438,000. Corient Private Wealth LLC boosted its stake in shares of Vontier by 104.6% in the 2nd quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company's stock worth $176,897,000 after buying an additional 2,450,723 shares during the last quarter. Heron Bay Capital Management bought a new stake in shares of Vontier in the second quarter worth $55,830,000. Finally, Norges Bank purchased a new stake in Vontier during the fourth quarter valued at $68,526,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Evercore set a $36.00 price target on Vontier in a research note on Monday, May 11th. KeyCorp increased their price objective on shares of Vontier from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Wolfe Research reissued an "outperform" rating and issued a $43.00 price objective on shares of Vontier in a report on Thursday, July 9th. Citigroup dropped their price objective on shares of Vontier from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, May 8th. Finally, Robert W. Baird set a $39.00 target price on shares of Vontier in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $41.00.

Vontier Stock Performance

NYSE:VNT opened at $33.38 on Wednesday. The stock has a 50-day moving average price of $31.16 and a 200 day moving average price of $33.69. The stock has a market capitalization of $4.51 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.14 and a beta of 1.15. Vontier Corporation has a 12-month low of $27.25 and a 12-month high of $48.20. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33.

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

Vontier Dividend Announcement

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

Vontier announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 25.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Vontier Company 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.

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