Magnetar Financial LLC Boosts Position in Vontier Corporation $VNT

Key Points

• Magnetar Financial LLC increased its stake in Vontier Corporation by 94.0% during Q1, holding 28,075 shares valued at approximately $922,000 at the quarter's end.
• Vontier's recent quarterly earnings surpassed expectations, reporting $0.79 earnings per share, exceeding the consensus estimate of $0.72.
• The company has declared a quarterly dividend of $0.025 per share, with an annualized yield of 0.2%, scheduled for payment on September 25th.

Magnetar Financial LLC lifted its stake in Vontier Corporation (NYSE:VNT - Free Report) by 94.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,075 shares of the company's stock after purchasing an additional 13,606 shares during the period. Magnetar Financial LLC's holdings in Vontier were worth $922,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System grew its holdings in shares of 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 bought a new position in shares of Vontier in the first quarter worth about $975,000. Sequoia Financial Advisors LLC grew its holdings in shares of Vontier by 9.9% in the first quarter. Sequoia Financial Advisors LLC now owns 85,944 shares of the company's stock worth $2,823,000 after purchasing an additional 7,743 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Vontier by 23.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 30,142 shares of the company's stock worth $990,000 after purchasing an additional 5,800 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Vontier by 5,158.4% in the first quarter. GAMMA Investing LLC now owns 72,566 shares of the company's stock worth $2,209,000 after purchasing an additional 71,186 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VNT. The Goldman Sachs Group reiterated a "neutral" rating on shares of Vontier in a report on Thursday, July 31st. Evercore ISI reiterated an "outperform" rating on shares of Vontier in a report on Tuesday, August 19th. 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 report on Tuesday, August 5th. Wall Street Zen upgraded shares of Vontier from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Finally, Barclays reiterated an "overweight" rating on shares of Vontier in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $47.50.

Vontier Stock Performance

Shares of Vontier stock traded up $0.13 during midday trading on Wednesday, hitting $42.53. The company had a trading volume of 716,414 shares, compared to its average volume of 981,986. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 16.17, a PEG 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 company has a fifty day simple moving average of $40.16 and a 200 day simple moving average of $36.27. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $43.78.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $773.50 million during the quarter, compared to analyst estimates of $734.23 million. Vontier had a net margin of 12.99% and a return on equity of 41.96%. Vontier's revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $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, analysts predict that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, September 4th. Vontier's dividend payout ratio (DPR) is presently 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.