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

A number of other hedge funds have also bought and sold shares of VNT. New York State Teachers Retirement System lifted its stake in Vontier by 4.5% in the first quarter. New York State Teachers Retirement System now owns 175,630 shares of the company's stock worth $5,769,000 after purchasing an additional 7,547 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Vontier in the first quarter worth approximately $975,000. Sequoia Financial Advisors LLC raised its position in shares of Vontier by 9.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 85,944 shares of the company's stock valued at $2,823,000 after purchasing an additional 7,743 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Vontier by 23.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 30,142 shares of the company's stock valued at $990,000 after purchasing an additional 5,800 shares during the period. Finally, GAMMA Investing LLC grew its stake in Vontier by 5,158.4% during the first quarter. GAMMA Investing LLC now owns 72,566 shares of the company's stock valued at $2,209,000 after acquiring an additional 71,186 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Stock Down 0.8%

Vontier stock traded down $0.35 during trading on Friday, reaching $42.88. The stock had a trading volume of 896,722 shares, compared to its average volume of 802,575. The stock has a market cap of $6.29 billion, a PE ratio of 16.30, a P/E/G ratio of 1.43 and a beta of 1.31. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. Vontier Corporation has a 52-week low of $27.22 and a 52-week high of $43.78. The business has a 50 day moving average price of $41.03 and a 200 day moving average price of $36.52.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $734.23 million. During the same quarter in the prior year, the firm earned $0.63 EPS. Vontier's revenue for the quarter was up 11.1% on a year-over-year basis. Vontier has set its FY 2025 guidance at 3.100-3.200 EPS. Q3 2025 guidance at 0.740-0.780 EPS. On average, analysts predict that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid 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 dividend payout ratio is 3.80%.

Wall Street Analyst Weigh In

VNT has been the subject of a number of recent analyst reports. Argus raised shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 price target for the company in a research note on Tuesday, August 5th. Barclays reiterated an "overweight" rating on shares of Vontier in a report on Monday, August 4th. Robert W. Baird boosted their price target on shares of Vontier from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Evercore ISI reiterated an "outperform" rating on shares of Vontier in a research note on Tuesday, August 19th. Finally, Wall Street Zen upgraded shares of Vontier from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Vontier currently 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.