BlackRock Inc. Invests $388.31 Million in Vontier Corporation $VNT

Key Points

• BlackRock acquired 13.39 million Vontier shares worth approximately $388.3 million, giving it a 9.51% stake. Institutional investors collectively own 95.83% of the company.
• Analysts have a mixed outlook, with four Buy, three Hold, and one Sell rating; the consensus rating is Hold with an average price target of $41, compared with a recent share price of $33.38.
• Vontier exceeded quarterly earnings and revenue estimates, while its board authorized a $1 billion share-repurchase program. The company also declared a $0.025 quarterly dividend, yielding approximately 0.3%.

BlackRock Inc. bought a new position in Vontier Corporation (NYSE:VNT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 13,390,185 shares of the company's stock, valued at approximately $388,315,000. BlackRock Inc. owned about 9.51% of Vontier at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Employees Retirement System of Texas purchased a new stake in shares of Vontier in the third quarter worth approximately $58,000. Scarborough Advisors LLC purchased a new position in shares of Vontier during the first quarter valued at approximately $57,000. Clearstead Advisors LLC grew its holdings in Vontier by 82.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,665 shares of the company's stock worth $62,000 after buying an additional 754 shares in the last quarter. Quarry LP grew its holdings in Vontier by 5,897.1% during the third quarter. Quarry LP now owns 2,099 shares of the company's stock worth $88,000 after buying an additional 2,064 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Vontier by 152.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company's stock valued at $98,000 after acquiring an additional 1,591 shares in the last quarter. Institutional investors own 95.83% of the company's stock.

Wall Street Analyst Weigh In

VNT has been the topic of a number of analyst reports. KeyCorp lifted their price objective on shares of Vontier from $35.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Robert W. Baird set a $39.00 target price on shares of Vontier in a report on Friday, August 7th. Evercore set a $36.00 price target on shares of Vontier in a research report on Monday, May 11th. Argus cut shares of Vontier from a "buy" rating to a "hold" rating in a report on Tuesday, May 26th. Finally, Weiss Ratings downgraded shares of Vontier from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, May 19th. Four investment 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $41.00.

Vontier Stock Performance

Shares of Vontier stock opened at $33.38 on Wednesday. The business's fifty day simple moving average is $31.16 and its 200 day simple moving average is $33.69. The firm has a market capitalization of $4.51 billion, a P/E ratio of 13.85, a price-to-earnings-growth 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 announced its quarterly earnings data on Thursday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. The firm had revenue of $756.70 million during the quarter, compared to the consensus estimate of $747.12 million. Vontier had a return on equity of 38.57% and a net margin of 11.34%.The business's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, analysts anticipate that Vontier Corporation will post 3.49 EPS for the current year.

Vontier Dividend Announcement

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

Vontier announced that its board has initiated a share repurchase program on Tuesday, May 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 25.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

About Vontier

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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