Jupiter Topco LLC Takes $41.90 Million Position in Vontier Corporation $VNT

Key Points

• Jupiter Topco LLC purchased 1.44 million Vontier shares worth approximately $41.9 million, giving it a 1.07% stake. Institutional investors and hedge funds collectively own 95.83% of the company.
• Vontier beat quarterly expectations with EPS of $0.89 versus the $0.80 consensus and revenue of $756.7 million, although revenue declined 2.2% year over year. Analysts maintain a consensus “Hold” rating with an average $41 price target.
• The company authorized a $1 billion share-repurchase program, covering up to 25.4% of outstanding shares, and declared a quarterly dividend of $0.025 per share.

Jupiter Topco LLC purchased a new position in shares of Vontier Corporation (NYSE:VNT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,444,914 shares of the company's stock, valued at approximately $41,904,000. Jupiter Topco LLC owned 1.07% of Vontier at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

VNT has been the subject of a number of analyst reports. KeyCorp upped their price target on Vontier from $35.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Argus cut shares of Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Wolfe Research restated an "outperform" rating and issued a $43.00 target price on shares of Vontier in a research note on Thursday, July 9th. Evercore set a $36.00 price target on shares of Vontier in a report on Monday, May 11th. Finally, Robert W. Baird set a $39.00 price target on shares of Vontier in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Vontier has an average rating of "Hold" and a consensus price target of $41.00.

Vontier Stock Performance

Vontier stock opened at $33.17 on Friday. The stock has a market cap of $4.49 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 1.16 and a beta of 1.15. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33. The stock has a 50 day moving average of $31.32 and a 200-day moving average of $33.58. Vontier Corporation has a 52 week low of $27.25 and a 52 week high of $48.20.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.09. The business had revenue of $756.70 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 earnings per share. 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, analysts expect that Vontier Corporation will post 3.49 EPS for the current fiscal year.

Vontier Dividend Announcement

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

Vontier declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 25.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board 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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