Public Employees Retirement System of Ohio Invests $1.24 Million in Vontier Corporation $VNT

Key Points

• Public Employees Retirement System of Ohio purchased 42,624 Vontier shares worth approximately $1.24 million in the second quarter. Institutional investors and hedge funds collectively own 95.83% of the company.
• Vontier reported quarterly EPS of $0.89, exceeding the $0.80 consensus estimate, while revenue of $756.7 million also topped expectations but declined 2.2% year over year.
• The company authorized a $1 billion stock-buyback program covering up to 25.4% of outstanding shares and declared a $0.025 quarterly dividend. Analysts’ consensus rating is “Hold,” with an average price target of $41 versus a recent share price of $32.61.

Public Employees Retirement System of Ohio bought a new position in shares of Vontier Corporation (NYSE:VNT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 42,624 shares of the company's stock, valued at approximately $1,236,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VNT. Bessemer Group Inc. raised its position in Vontier by 21.6% during the first quarter. Bessemer Group Inc. now owns 776,603 shares of the company's stock valued at $27,546,000 after acquiring an additional 137,750 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Vontier by 1,950.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,758 shares of the company's stock worth $2,742,000 after purchasing an additional 70,160 shares during the period. ASO GROUP Ltd acquired a new stake in shares of Vontier during the 4th quarter worth approximately $4,390,000. First Trust Advisors LP increased its holdings in shares of Vontier by 14.2% during the 1st quarter. First Trust Advisors LP now owns 307,265 shares of the company's stock valued at $10,899,000 after purchasing an additional 38,152 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Vontier by 11.1% in the 4th quarter. Franklin Resources Inc. now owns 5,803,510 shares of the company's stock valued at $215,774,000 after purchasing an additional 577,914 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Performance

VNT opened at $32.61 on Wednesday. The firm's fifty day simple moving average is $31.77 and its two-hundred day simple moving average is $33.08. Vontier Corporation has a 52-week low of $27.25 and a 52-week high of $48.20. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.14 and a beta of 1.13. The company has a quick ratio of 0.94, a current ratio of 1.25 and a debt-to-equity ratio of 1.33.

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, topping the consensus estimate of $0.80 by $0.09. The firm had revenue of $756.70 million during the quarter, compared to the consensus estimate of $747.12 million. Vontier had a net margin of 11.34% and a return on equity of 38.57%. The company's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter 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. Equities analysts anticipate that Vontier Corporation will post 3.49 earnings per share for the current fiscal year.

Vontier announced that its Board of Directors has approved a stock buyback program on Tuesday, May 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 25.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

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

Analysts Set New Price Targets

Several analysts recently commented on VNT shares. Wolfe Research restated an "outperform" rating and set a $43.00 price target on shares of Vontier in a research report on Thursday, July 9th. Weiss Ratings raised shares of Vontier from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday. Robert W. Baird set a $39.00 price target on Vontier in a research note on Friday, August 7th. 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. Finally, Argus downgraded Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $41.00.

About Vontier

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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