Vontier Corporation $VNT Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its Vontier stake by 11.3%, selling 96,887 shares and retaining 757,627 shares valued at approximately $26.9 million. Institutional investors collectively own 95.83% of the company.
• Analyst sentiment is mixed, with five Buy, three Hold, and one Sell rating; the consensus rating is Hold with an average price target of $41, above the cited share price of $32.85.
• Vontier exceeded quarterly earnings expectations with EPS of $0.89 versus $0.80 expected, while revenue fell 2.2% year over year. The company also authorized a $1 billion share repurchase plan and declared a quarterly dividend of $0.025 per share.

Bank of America Corp DE lowered its stake in Vontier Corporation (NYSE:VNT - Free Report) by 11.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 757,627 shares of the company's stock after selling 96,887 shares during the quarter. Bank of America Corp DE owned 0.54% of Vontier worth $26,873,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Scarborough Advisors LLC acquired a new stake in shares of Vontier in the first quarter valued at about $57,000. Employees Retirement System of Texas acquired a new position in shares of Vontier during the 3rd quarter worth about $58,000. Clearstead Advisors LLC lifted its stake in Vontier by 82.8% in 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 lifted 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 buying an additional 2,064 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Vontier by 152.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company's stock worth $98,000 after buying an additional 1,591 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analysts Set New Price Targets

VNT has been the subject of several research reports. Weiss Ratings lowered Vontier from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, May 19th. Evercore set a $36.00 price target on Vontier in a research note on Monday, May 11th. Barclays dropped their price target on Vontier from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, May 8th. Citigroup reduced their price objective on Vontier from $50.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, May 8th. Finally, Argus lowered Vontier from a "buy" rating to a "hold" rating in a report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $41.00.

Vontier Stock Up 0.0%

Shares of NYSE:VNT opened at $32.85 on Monday. Vontier Corporation has a 52-week low of $27.25 and a 52-week high of $48.20. The stock has a market cap of $4.44 billion, a P/E ratio of 13.63, a PEG ratio of 1.13 and a beta of 1.15. The business has a fifty day moving average of $30.62 and a two-hundred day moving average of $33.94. 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 posted its quarterly earnings results on Thursday, August 6th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.80 by $0.09. Vontier had a return on equity of 38.57% and a net margin of 11.34%.The business had revenue of $756.70 million for the quarter, compared to analyst estimates of $747.12 million. During the same quarter in the previous year, the firm earned $0.79 EPS. The company's quarterly revenue was down 2.2% compared to the same quarter last year. Vontier has set its FY 2026 guidance at 3.450-3.550 EPS and its Q3 2026 guidance at 0.820-0.860 EPS. On average, research analysts expect that Vontier Corporation will post 3.49 earnings per share for the current year.

Vontier declared that its board has approved a share repurchase plan on Tuesday, May 19th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 25.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.3%. Vontier's dividend payout ratio (DPR) is currently 4.15%.

Vontier Profile

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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