Comerica Bank Has $3.20 Million Holdings in Vontier Corporation $VNT

Key Points

• Comerica Bank increased its stake in Vontier Corporation by 20%, owning 97,370 shares worth approximately $3.2 million after acquiring an additional 16,243 shares.
• Vontier reported an earnings per share of $0.79 for the last quarter, surpassing analysts' expectations, and had a year-over-year revenue increase of 11.1%.
• The company declared a quarterly dividend of $0.025, equivalent to a 0.2% dividend yield, to be paid on September 25th to shareholders of record as of September 4th.

Comerica Bank lifted its stake in shares of Vontier Corporation (NYSE:VNT - Free Report) by 20.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,370 shares of the company's stock after buying an additional 16,243 shares during the period. Comerica Bank owned about 0.07% of Vontier worth $3,199,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VNT. Hsbc Holdings PLC acquired a new position in shares of Vontier during the fourth quarter worth $490,000. Susquehanna International Group LLP increased its holdings in shares of Vontier by 4.3% during the fourth quarter. Susquehanna International Group LLP now owns 57,434 shares of the company's stock worth $2,095,000 after buying an additional 2,344 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Vontier during the fourth quarter worth $154,000. Northern Trust Corp increased its holdings in shares of Vontier by 17.9% during the fourth quarter. Northern Trust Corp now owns 1,409,144 shares of the company's stock worth $51,391,000 after buying an additional 213,860 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Vontier by 4.0% during the fourth quarter. Jane Street Group LLC now owns 198,902 shares of the company's stock worth $7,254,000 after buying an additional 7,617 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VNT shares. Evercore ISI reissued an "outperform" rating on shares of Vontier in a research note on Tuesday, August 19th. Robert W. Baird boosted their price objective on shares of Vontier from $40.00 to $45.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Wall Street Zen raised shares of Vontier from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Citigroup reissued a "buy" rating and issued a $45.00 price objective (up previously from $37.00) on shares of Vontier in a research note on Monday, July 14th. Finally, Barclays reaffirmed an "overweight" rating on shares of Vontier in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $47.50.

Vontier Stock Up 1.3%

Shares of VNT stock traded up $0.54 on Thursday, reaching $43.08. 265,822 shares of the company were exchanged, compared to its average volume of 977,524. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.42 and a beta of 1.31. The company has a 50-day moving average of $40.27 and a 200-day moving average of $36.32. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.80. Vontier Corporation has a one year low of $27.22 and a one year high of $43.78.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The company had revenue of $773.50 million for the quarter, compared to analysts' expectations of $734.23 million. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. Vontier has set its FY 2025 guidance at 3.100-3.200 EPS. Q3 2025 guidance at 0.740-0.780 EPS. Analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, September 4th. Vontier's dividend payout ratio is 3.80%.

Vontier Profile

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.