Banyan Capital Management Inc. Raises Stock Position in Vontier Corporation $VNT

Key Points

• Banyan Capital Management Inc. increased its stake in Vontier Corporation by 3.6% during the second quarter, now holding approximately 420,025 shares, which represents about 8.0% of its investment portfolio.
• Vontier reported $0.79 EPS for the last quarter, exceeding estimates and showing an 11.1% year-over-year revenue growth, with a revenue total of $773.50 million.
• The company announced a quarterly dividend of $0.025 per share, which will yield 0.2% and is set to be paid on September 25th.

Banyan Capital Management Inc. raised its stake in shares of Vontier Corporation (NYSE:VNT - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 420,025 shares of the company's stock after purchasing an additional 14,567 shares during the period. Vontier accounts for approximately 8.0% of Banyan Capital Management Inc.'s investment portfolio, making the stock its 4th biggest position. Banyan Capital Management Inc. owned approximately 0.28% of Vontier worth $15,499,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of Vontier by 39.7% during the first quarter. Ameriprise Financial Inc. now owns 3,515,334 shares of the company's stock worth $115,479,000 after acquiring an additional 999,755 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Vontier by 2.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,390,111 shares of the company's stock worth $111,365,000 after purchasing an additional 66,620 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Vontier by 5.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,815,287 shares of the company's stock worth $92,483,000 after purchasing an additional 143,737 shares during the period. Nuveen LLC bought a new stake in shares of Vontier in the 1st quarter valued at $67,744,000. Finally, Woodline Partners LP increased its position in shares of Vontier by 132.9% during the first quarter. Woodline Partners LP now owns 1,879,793 shares of the company's stock worth $61,751,000 after buying an additional 1,072,683 shares during the period. Institutional investors own 95.83% of the company's stock.

Vontier Stock Down 0.5%

Shares of NYSE:VNT opened at $42.91 on Wednesday. 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 Corporation has a 52-week low of $27.22 and a 52-week high of $43.88. The business's 50 day simple moving average is $41.70 and its two-hundred day simple moving average is $36.88. The firm has a market cap of $6.29 billion, a P/E ratio of 16.32, a PEG ratio of 1.42 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.79 EPS for the quarter, beating 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 firm had revenue of $773.50 million during the quarter, compared to the consensus estimate of $734.23 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company'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. As a group, research analysts forecast that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on VNT shares. Robert W. Baird boosted their target price on shares of Vontier from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Argus raised Vontier from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a research report on Tuesday, August 5th. KeyCorp initiated coverage on Vontier in a research report on Thursday, August 21st. They set an "overweight" rating and a $50.00 target price on the stock. UBS Group raised their target price on Vontier from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, Citigroup reissued a "buy" rating and issued a $45.00 price target (up from $37.00) on shares of Vontier in a research note on Monday, July 14th. One investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.50.

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.

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