Van ECK Associates Corp cut its holdings in Vontier Corporation (NYSE:VNT - Free Report) by 75.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,545 shares of the company's stock after selling 175,292 shares during the quarter. Van ECK Associates Corp's holdings in Vontier were worth $1,611,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Vontier in the 2nd quarter valued at $388,315,000. Boston Partners acquired a new stake in Vontier in the fourth quarter worth $132,438,000. Corient Private Wealth LLC increased its stake in Vontier by 104.6% in the second quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company's stock valued at $176,897,000 after purchasing an additional 2,450,723 shares in the last quarter. Corient Private Wealth LP bought a new stake in Vontier in the second quarter valued at $65,037,000. Finally, Heron Bay Capital Management acquired a new position in shares of Vontier during the second quarter valued at about $55,830,000. 95.83% of the stock is currently owned by institutional investors.
Vontier Trading Up 0.5%
VNT opened at $33.19 on Friday. Vontier Corporation has a fifty-two week low of $27.25 and a fifty-two week high of $48.20. The firm has a market capitalization of $4.49 billion, a PE ratio of 13.77, a P/E/G ratio of 1.13 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.25 and a quick ratio of 0.94. The company's 50-day moving average is $31.61 and its 200 day moving average is $33.25.
Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. The business had revenue of $756.70 million during the quarter, compared to the consensus estimate of $747.12 million. Vontier had a return on equity of 38.57% and a net margin of 11.34%.The company's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, research analysts predict that Vontier Corporation will post 3.49 earnings per share for the current fiscal year.
Vontier Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.10 annualized dividend and a yield of 0.3%. Vontier's dividend payout ratio is 4.15%.
Vontier declared that its board has initiated a share buyback program on Tuesday, May 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 25.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Evercore set a $36.00 price objective on shares of Vontier in a research report on Monday, May 11th. Argus downgraded Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Citigroup cut their price target on Vontier from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, May 8th. Barclays reduced their price objective on Vontier from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, May 8th. Finally, Wolfe Research restated an "outperform" rating and set a $43.00 price objective on shares of Vontier in a report on Thursday, July 9th. Four 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.00.
View Our Latest Report on VNT
Vontier Company Profile
(
Free Report)
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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