Millennium Management LLC Has $41.64 Million Position in Vontier Corporation $VNT

Key Points

• Millennium Management LLC increased its stake in Vontier Corporation by 47.3%, acquiring an additional 407,066 shares, which brings their total ownership to approximately 1.27 million shares valued at $41.6 million.
• Analysts have been optimistic about Vontier's stock, with several upgrades, including a price target hike to $47.00 from Argus, indicating a consensus rating of "Moderate Buy".
• Vontier announced a quarterly dividend of $0.025 per share, resulting in an annual yield of 0.2%, with the payment scheduled for September 25th.

Millennium Management LLC increased its holdings in shares of Vontier Corporation (NYSE:VNT - Free Report) by 47.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,267,489 shares of the company's stock after purchasing an additional 407,066 shares during the period. Millennium Management LLC owned approximately 0.86% of Vontier worth $41,637,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Ameriprise Financial Inc. lifted its holdings in shares of Vontier by 39.7% during the 1st 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 in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Vontier by 2.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,390,111 shares of the company's stock valued at $111,365,000 after acquiring an additional 66,620 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Vontier by 5.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,815,287 shares of the company's stock valued at $92,483,000 after acquiring an additional 143,737 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Vontier by 0.8% in the 4th quarter. Mackenzie Financial Corp now owns 2,540,329 shares of the company's stock valued at $92,646,000 after acquiring an additional 20,649 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Vontier in the 1st quarter valued at approximately $67,744,000. Institutional investors own 95.83% of the company's stock.

Vontier Stock Up 0.3%

Shares of NYSE:VNT traded up $0.14 during trading on Monday, hitting $42.99. 97,380 shares of the company were exchanged, compared to its average volume of 969,657. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 1.41 and a beta of 1.31. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $43.78. The firm has a fifty day moving average price of $41.03 and a two-hundred day moving average price of $36.51. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The business had revenue of $773.50 million for the quarter, compared to analyst estimates of $734.23 million. Vontier had a return on equity of 41.96% and a net margin of 12.99%.The firm's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous 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. As a group, research analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

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

Wall Street Analyst Weigh In

VNT has been the topic of several research reports. Citigroup restated a "buy" rating and issued a $45.00 target price (up previously from $37.00) on shares of Vontier in a research note on Monday, July 14th. KeyCorp initiated coverage on Vontier in a research note on Thursday, August 21st. They issued an "overweight" rating and a $50.00 target price on the stock. Argus upgraded Vontier from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a research note on Tuesday, August 5th. The Goldman Sachs Group restated a "neutral" rating on shares of Vontier in a research note on Thursday, July 31st. Finally, UBS Group boosted their price target on Vontier from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $47.50.

Vontier Company 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.