Vontier Corporation $VNT Shares Bought by Confluence Investment Management LLC

Key Points

• Confluence Investment Management LLC increased its stake in Vontier Corporation by 17.9% during Q2, now owning approximately 0.31% of the company, valued at about $16.9 million.
• Vontier recently reported Q2 earnings of $0.79 per share, surpassing estimates, with revenue up 11.1% year-over-year, indicating strong company performance.
• The company declared a quarterly dividend of $0.025 per share, reflecting a 0.2% dividend yield and a payout ratio of 3.80%.

Confluence Investment Management LLC boosted its stake in shares of Vontier Corporation (NYSE:VNT - Free Report) by 17.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 458,954 shares of the company's stock after purchasing an additional 69,745 shares during the period. Confluence Investment Management LLC owned approximately 0.31% of Vontier worth $16,935,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Vontier during the 1st quarter valued at about $67,744,000. Woodline Partners LP grew its position in shares of Vontier by 132.9% during the 1st quarter. Woodline Partners LP now owns 1,879,793 shares of the company's stock valued at $61,751,000 after acquiring an additional 1,072,683 shares during the period. Ameriprise Financial Inc. grew its position in shares of Vontier by 39.7% during the 1st quarter. Ameriprise Financial Inc. now owns 3,515,334 shares of the company's stock valued at $115,479,000 after acquiring an additional 999,755 shares during the period. Millennium Management LLC grew its position in shares of Vontier by 659.9% during the 4th quarter. Millennium Management LLC now owns 860,423 shares of the company's stock valued at $31,380,000 after acquiring an additional 747,196 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new stake in shares of Vontier during the 1st quarter valued at about $11,391,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VNT shares. Wall Street Zen upgraded Vontier from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. UBS Group raised their target price on Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Argus upgraded 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. Barclays reaffirmed an "overweight" rating on shares of Vontier in a research note on Monday, August 4th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Vontier in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $47.50.

Vontier Price Performance

VNT stock opened at $42.88 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.80. The business has a 50 day simple moving average of $41.03 and a 200-day simple moving average of $36.52. The firm has a market capitalization of $6.29 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.43 and a beta of 1.31. Vontier Corporation has a 1 year low of $27.22 and a 1 year high of $43.78.

Vontier (NYSE:VNT - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $734.23 million. Vontier had a return on equity of 41.96% and a net margin of 12.99%.The business's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. Vontier has set its FY 2025 guidance at 3.100-3.200 EPS. Q3 2025 guidance at 0.740-0.780 EPS. Equities research analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.025 per share. 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 payout ratio is presently 3.80%.

Vontier Company Profile

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.

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