Northern Trust Corp Cuts Holdings in Vontier Corporation $VNT

Key Points

• Northern Trust Corp reduced its stake in Vontier Corporation (NYSE:VNT) by 4.3% in Q1, now holding approximately 1.35 million shares valued at $44.32 million.
• Vontier recently reported earnings of $0.79 per share for the last quarter, exceeding expectations, and set guidance for FY 2025 at $3.100-3.200 EPS.
• The company announced a quarterly dividend of $0.025 per share, with the ex-dividend date set for September 4th, representing a 0.2% dividend yield.

Northern Trust Corp reduced its holdings in shares of Vontier Corporation (NYSE:VNT - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,349,224 shares of the company's stock after selling 59,920 shares during the quarter. Northern Trust Corp owned approximately 0.91% of Vontier worth $44,322,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in VNT. Benjamin Edwards Inc. lifted its holdings in shares of Vontier by 2.2% in the 4th quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company's stock valued at $448,000 after purchasing an additional 270 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its holdings in shares of Vontier by 0.8% in the 1st quarter. Klein Pavlis & Peasley Financial Inc. now owns 37,000 shares of the company's stock valued at $1,218,000 after purchasing an additional 300 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Vontier by 3.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,287 shares of the company's stock valued at $301,000 after purchasing an additional 337 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Vontier by 14.9% in the 1st quarter. Blue Trust Inc. now owns 4,437 shares of the company's stock valued at $146,000 after purchasing an additional 574 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Vontier by 0.4% in the 4th quarter. Captrust Financial Advisors now owns 153,598 shares of the company's stock valued at $5,602,000 after purchasing an additional 597 shares during the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VNT. Robert W. Baird boosted their target price on Vontier from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Argus raised Vontier from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a report on Tuesday, August 5th. UBS Group boosted their target price on Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. The Goldman Sachs Group reissued a "neutral" rating on shares of Vontier in a report on Thursday, July 31st. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Vontier in a research note on Tuesday, August 19th. One equities 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $47.50.

Vontier Stock Performance

VNT traded up $0.13 on Wednesday, hitting $42.53. 716,414 shares of the company traded hands, compared to its average volume of 948,204. The company has a 50 day moving average of $40.27 and a 200-day moving average of $36.32. 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 stock has a market capitalization of $6.24 billion, a PE ratio of 16.17, a PEG ratio of 1.42 and a beta of 1.31. 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 issued its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The business had revenue of $773.50 million during the quarter, compared to the consensus estimate of $734.23 million. Vontier had a return on equity of 41.96% and a net margin of 12.99%.The company's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

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

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.