Vontier Corporation $VNT Shares Acquired by Ancora Advisors LLC

Key Points

• Ancora Advisors increased its Vontier stake by 91.1% in the second quarter, bringing its holdings to 539,805 shares valued at approximately $15.7 million. Institutional investors and hedge funds collectively own 95.83% of Vontier.
• Vontier reported quarterly earnings of $0.89 per share, exceeding estimates of $0.80, while revenue of $756.7 million also topped forecasts; however, revenue declined 2.2% year over year.
• The company authorized a $1 billion share repurchase program covering up to 25.4% of outstanding shares and declared a quarterly dividend of $0.025 per share. Analysts’ consensus rating remains “Hold,” with a $41 average price target.

Ancora Advisors LLC lifted its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 91.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,805 shares of the company's stock after acquiring an additional 257,279 shares during the quarter. Ancora Advisors LLC owned 0.40% of Vontier worth $15,654,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Scarborough Advisors LLC acquired a new stake in Vontier in the first quarter valued at approximately $57,000. Employees Retirement System of Texas acquired a new position in shares of Vontier during the 3rd quarter worth approximately $58,000. Clearstead Advisors LLC lifted its position in shares of Vontier by 82.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,665 shares of the company's stock valued at $62,000 after buying an additional 754 shares in the last quarter. Quarry LP grew its stake in Vontier by 5,897.1% in the 3rd quarter. Quarry LP now owns 2,099 shares of the company's stock valued at $88,000 after acquiring an additional 2,064 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in Vontier by 152.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company's stock valued at $98,000 after acquiring an additional 1,591 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Down 1.5%

Shares of VNT opened at $32.27 on Tuesday. Vontier Corporation has a 52-week low of $27.25 and a 52-week high of $48.20. The company has a market capitalization of $4.36 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.15. The stock has a fifty day simple moving average of $31.41 and a two-hundred day simple moving average of $33.44. 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 issued its earnings results on Thursday, August 6th. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.09. The company had revenue of $756.70 million for 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%. Vontier's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 earnings per share. 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, equities analysts forecast that Vontier Corporation will post 3.49 EPS for the current year.

Vontier announced that its board has initiated a share repurchase plan on Tuesday, May 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 25.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Vontier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Vontier's dividend payout ratio (DPR) is 4.15%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VNT shares. Wolfe Research reiterated an "outperform" rating and issued a $43.00 target price on shares of Vontier in a research report on Thursday, July 9th. KeyCorp upped their price target on shares of Vontier from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Evercore set a $36.00 price objective on Vontier in a research note on Monday, May 11th. Barclays reduced their target price on Vontier from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, May 8th. Finally, Weiss Ratings downgraded Vontier from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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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