Bank of America Corp DE Makes New Investment in Vontier Corporation $VNT

Key Points

• Bank of America acquired 821,371 Vontier shares worth approximately $23.8 million during the second quarter, giving it a 0.61% stake. Institutional investors collectively own 95.83% of Vontier.
• Analyst sentiment is mixed but leans cautiously positive: four analysts rate Vontier a Buy, three rate it Hold, and one rates it Sell. The average price target is $41, compared with a reported share price of $31.30.
• Vontier exceeded quarterly expectations with earnings of $0.89 per share versus the $0.80 consensus and revenue of $756.7 million. The company also announced a quarterly dividend of $0.025 per share, equivalent to a 0.3% annual yield.

Bank of America Corp DE acquired a new position in shares of Vontier Corporation (NYSE:VNT - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 821,371 shares of the company's stock, valued at approximately $23,820,000. Bank of America Corp DE owned approximately 0.61% of Vontier as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Scarborough Advisors LLC purchased a new position in shares of Vontier in the 1st quarter valued at $57,000. Clearstead Advisors LLC lifted its position in Vontier by 82.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,665 shares of the company's stock valued at $62,000 after acquiring an additional 754 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Vontier in the second quarter valued at $103,000. State of Wyoming acquired a new position in Vontier in the second quarter valued at $110,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Vontier during the second quarter worth about $184,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Wall Street Analyst Weigh In

VNT has been the topic of a number of research analyst reports. KeyCorp lifted their target price on Vontier from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Wolfe Research restated an "outperform" rating and set a $43.00 price target on shares of Vontier in a research note on Thursday, July 9th. Robert W. Baird set a $39.00 price objective on Vontier in a research note on Friday, August 7th. Finally, Weiss Ratings raised Vontier from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 4th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $41.00.

Vontier Price Performance

Shares of VNT opened at $31.30 on Thursday. Vontier Corporation has a fifty-two week low of $27.25 and a fifty-two week high of $48.20. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.08 and a beta of 1.13. The firm has a 50-day simple moving average of $32.37 and a 200-day simple moving average of $32.38. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.94 and a current ratio of 1.25.

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

Vontier Announces Dividend

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

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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