Heron Bay Capital Management Invests $55.83 Million in Vontier Corporation $VNT

Key Points

• Heron Bay Capital Management acquired 1.93 million Vontier shares worth approximately $55.83 million, making VNT its fourth-largest holding and representing about 1.42% of the company. Institutional investors and hedge funds collectively own 95.83% of Vontier.
• Analyst sentiment is mixed, with four Buy, three Hold, and one Sell ratings; the stock has an average “Hold” rating and a consensus price target of $41, compared with a recent price near $32.94.
• Vontier exceeded quarterly earnings expectations, reporting $0.89 EPS and $756.7 million in revenue, while also authorizing a $1 billion share-repurchase program and declaring a quarterly dividend of $0.025 per share.

Heron Bay Capital Management bought a new stake in Vontier Corporation (NYSE:VNT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,925,164 shares of the company's stock, valued at approximately $55,830,000. Vontier makes up 5.1% of Heron Bay Capital Management's holdings, making the stock its 4th biggest position. Heron Bay Capital Management owned about 1.42% of Vontier as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VNT. Scarborough Advisors LLC acquired a new stake in Vontier in the first quarter valued at $57,000. Employees Retirement System of Texas acquired a new position in shares of Vontier during the 3rd quarter worth about $58,000. Clearstead Advisors LLC increased its stake in shares of Vontier by 82.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,665 shares of the company's stock worth $62,000 after purchasing an additional 754 shares during the last quarter. Quarry LP raised its holdings in shares of Vontier by 5,897.1% in the 3rd quarter. Quarry LP now owns 2,099 shares of the company's stock valued at $88,000 after purchasing an additional 2,064 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Vontier by 152.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company's stock valued at $98,000 after purchasing an additional 1,591 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VNT. Weiss Ratings downgraded shares of Vontier from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, May 19th. Barclays lowered their price target on Vontier from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, May 8th. Argus cut Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, May 26th. KeyCorp lifted their target price on Vontier from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, Wall Street Zen lowered Vontier from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Vontier currently has an average rating of "Hold" and an average price target of $41.00.

Vontier Stock Performance

Shares of VNT stock opened at $32.94 on Friday. Vontier Corporation has a 52 week low of $27.25 and a 52 week high of $48.20. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.13 and a beta of 1.15. The company has a 50-day simple moving average of $31.01 and a 200 day simple moving average of $33.81. 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 released its quarterly earnings results on Thursday, August 6th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.09. The firm had revenue of $756.70 million for the quarter, compared to analysts' expectations of $747.12 million. Vontier had a net margin of 11.34% and a return on equity of 38.57%. The business's revenue was down 2.2% on a year-over-year basis. During the same period in the prior 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, sell-side analysts predict that Vontier Corporation will post 3.49 earnings per share for the current year.

Vontier Dividend Announcement

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 dividend of $0.025 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Vontier's dividend payout ratio (DPR) is 4.15%.

Vontier announced that its board has initiated a stock buyback plan on Tuesday, May 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 25.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Vontier Company Profile

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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