Brant Point Investment Management LLC Takes Position in Vontier Corporation $VNT

Key Points

• Brant Point Investment Management LLC acquired 99,271 shares of Vontier Corporation, valued at approximately $3.26 million, representing about 0.07% ownership of the company.
• Recent analyst reports have increased price targets for Vontier, with UBS raising its price objective to $50.00 and Citigroup to $45.00, indicating a positive outlook on the stock.
• Vontier reported $0.79 earnings per share for the last quarter, exceeding analyst expectations, and has projected FY 2025 EPS guidance between 3.100-3.200.

Brant Point Investment Management LLC bought a new stake in Vontier Corporation (NYSE:VNT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 99,271 shares of the company's stock, valued at approximately $3,261,000. Brant Point Investment Management LLC owned about 0.07% of Vontier at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Nuveen LLC acquired a new stake in Vontier during the 1st quarter worth approximately $67,744,000. Ameriprise Financial Inc. raised its holdings in shares of Vontier by 39.7% in the first quarter. Ameriprise Financial Inc. now owns 3,515,334 shares of the company's stock valued at $115,479,000 after purchasing an additional 999,755 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Vontier by 659.9% in the fourth quarter. Millennium Management LLC now owns 860,423 shares of the company's stock valued at $31,380,000 after purchasing an additional 747,196 shares during the last quarter. J. Goldman & Co LP acquired a new stake in shares of Vontier in the fourth quarter valued at approximately $17,478,000. Finally, Ceredex Value Advisors LLC acquired a new stake in shares of Vontier in the first quarter valued at approximately $11,391,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Performance

VNT stock traded down $0.58 during midday trading on Monday, reaching $42.85. 705,767 shares of the company were exchanged, compared to its average volume of 1,008,302. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.80. The business has a 50-day moving average price of $39.92 and a two-hundred day moving average price of $36.21. Vontier Corporation has a one year low of $27.22 and a one year high of $43.78. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth 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, topping 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 firm had revenue of $773.50 million during the quarter, compared to analysts' expectations of $734.23 million. During the same period in the previous year, the business posted $0.63 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. Vontier has set its FY 2025 guidance at 3.100-3.200 EPS. Q3 2025 guidance at 0.740-0.780 EPS. Equities research analysts forecast that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on VNT. Argus upgraded 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. Citigroup reiterated a "buy" rating and issued a $45.00 price objective (up from $37.00) on shares of Vontier in a report on Monday, July 14th. Robert W. Baird boosted their target price on shares of Vontier from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. KeyCorp started coverage on shares of Vontier in a report on Thursday, August 21st. They set an "overweight" rating and a $50.00 target price on the stock. Finally, UBS Group boosted their target price on shares of Vontier from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.