Confluence Investment Management LLC Increases Position in Vontier Corporation $VNT

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 increased its holdings in shares of Vontier Corporation (NYSE:VNT - Free Report) by 17.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 458,954 shares of the company's stock after buying an additional 69,745 shares during the quarter. Confluence Investment Management LLC owned 0.31% of Vontier worth $16,935,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VNT. Nuveen LLC bought a new stake in shares of Vontier during the 1st quarter worth $67,744,000. Woodline Partners LP raised its position in Vontier by 132.9% in the first quarter. Woodline Partners LP now owns 1,879,793 shares of the company's stock valued at $61,751,000 after purchasing an additional 1,072,683 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Vontier by 39.7% in the first quarter. Ameriprise Financial Inc. now owns 3,515,334 shares of the company's stock valued at $115,479,000 after buying an additional 999,755 shares during the period. Millennium Management LLC increased its stake in shares of Vontier by 659.9% in the fourth quarter. Millennium Management LLC now owns 860,423 shares of the company's stock valued at $31,380,000 after buying an additional 747,196 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new stake in shares of Vontier in the first quarter valued at about $11,391,000. 95.83% of the stock is currently owned by institutional investors.

Vontier Price Performance

Shares of VNT traded up $0.77 during midday trading on Thursday, reaching $43.34. The stock had a trading volume of 228,347 shares, compared to its average volume of 966,544. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $43.78. The company's 50-day moving average is $41.31 and its 200 day moving average is $36.63. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. Vontier had a return on equity of 41.96% and a net margin of 12.99%.The business had revenue of $773.50 million during the quarter, compared to analysts' expectations of $734.23 million. During the same quarter last year, the business posted $0.63 EPS. The business's revenue was up 11.1% on a year-over-year basis. Vontier has set its FY 2025 guidance at 3.100-3.200 EPS. Q3 2025 guidance at 0.740-0.780 EPS. On average, equities analysts predict that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VNT shares. Argus raised Vontier from a "hold" rating to a "buy" rating and set a $47.00 price target for the company in a research note on Tuesday, August 5th. Robert W. Baird raised their target price on Vontier from $40.00 to $45.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Wall Street Zen raised Vontier from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Citigroup reaffirmed a "buy" rating and set a $45.00 target price (up previously from $37.00) on shares of Vontier in a research note on Monday, July 14th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Vontier in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $47.50.

Vontier 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.