T. Rowe Price Investment Management Inc. Grows Stake in Vontier Corporation $VNT

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in Vontier Corporation by 5.4% to approximately $92.48 million during Q1, representing about 1.90% of the company's stock.
• Multiple analysts have issued positive ratings on Vontier, with a consensus rating of "Moderate Buy" and an average price target of $47.50.
• Vontier's latest earnings report showed an earnings per share (EPS) of $0.79, exceeding expectations, with quarterly revenue growth of 11.1% year-over-year.

T. Rowe Price Investment Management Inc. grew its holdings in shares of Vontier Corporation (NYSE:VNT - Free Report) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,815,287 shares of the company's stock after buying an additional 143,737 shares during the period. T. Rowe Price Investment Management Inc. owned 1.90% of Vontier worth $92,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Benjamin Edwards Inc. grew its position in Vontier by 2.2% in the fourth quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company's stock worth $448,000 after buying an additional 270 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. increased its stake in Vontier by 0.8% in the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 37,000 shares of the company's stock valued at $1,218,000 after acquiring an additional 300 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Vontier by 3.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 9,287 shares of the company's stock valued at $301,000 after acquiring an additional 337 shares during the period. Blue Trust Inc. boosted its position in Vontier by 14.9% in the first quarter. Blue Trust Inc. now owns 4,437 shares of the company's stock valued at $146,000 after buying an additional 574 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Vontier by 0.4% during the fourth quarter. Captrust Financial Advisors now owns 153,598 shares of the company's stock worth $5,602,000 after purchasing an additional 597 shares in the last quarter. Institutional investors own 95.83% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on VNT. Barclays reissued an "overweight" rating on shares of Vontier in a research report on Monday, August 4th. Wall Street Zen raised shares of Vontier from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. UBS Group lifted their target price on shares of Vontier from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Argus upgraded shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a research report on Tuesday, August 5th. Finally, Citigroup reiterated a "buy" rating and set a $45.00 target price (up previously from $37.00) on shares of Vontier in a research report on Monday, July 14th. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $47.50.

Vontier Price Performance

NYSE:VNT traded up $0.01 during mid-day trading on Wednesday, hitting $43.43. 307,134 shares of the stock traded hands, compared to its average volume of 981,778. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $43.77. The company has a market cap of $6.37 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.42 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. The business's 50-day moving average price is $39.46 and its 200 day moving average price is $36.11.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. The business had revenue of $773.50 million for the quarter, compared to the consensus estimate of $734.23 million. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The company's quarterly 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. On average, analysts expect that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, September 4th. Vontier's payout ratio is 3.80%.

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.