Eldred Rock Partners LLC Has $15.65 Million Position in Vontier Corporation $VNT

Key Points

• Eldred Rock Partners LLC reduced its position in Vontier Corporation by 5.0%, now holding 423,991 shares, making Vontier the firm's 6th largest investment.
• The stock has experienced positive earnings performance, reporting $0.79 EPS for the last quarter, exceeding estimates by $0.07, and demonstrating an 11.1% year-over-year revenue increase.
• Vontier has declared a quarterly dividend of $0.025, with the payment scheduled for September 25th, representing a 0.2% dividend yield.

Eldred Rock Partners LLC decreased its position in shares of Vontier Corporation (NYSE:VNT - Free Report) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 423,991 shares of the company's stock after selling 22,373 shares during the quarter. Vontier comprises approximately 4.8% of Eldred Rock Partners LLC's investment portfolio, making the stock its 6th biggest holding. Eldred Rock Partners LLC owned about 0.29% of Vontier worth $15,645,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group boosted its stake in Vontier by 586.2% during the 1st quarter. Brooklyn Investment Group now owns 844 shares of the company's stock worth $28,000 after acquiring an additional 721 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in shares of Vontier in the first quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in Vontier by 75.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company's stock worth $45,000 after buying an additional 529 shares during the last quarter. Summit Securities Group LLC acquired a new position in Vontier during the first quarter worth $64,000. Finally, Lazard Asset Management LLC acquired a new position in Vontier during the fourth quarter worth $73,000. Institutional investors own 95.83% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Argus upgraded shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a report on Tuesday, August 5th. Barclays reaffirmed an "overweight" rating on shares of Vontier in a research report on Monday, August 4th. Wall Street Zen raised shares of Vontier from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. UBS Group boosted their target price on shares of Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Citigroup reaffirmed a "buy" rating and set a $45.00 price objective (up previously from $37.00) on shares of Vontier in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $47.50.

Vontier Stock Performance

VNT traded down $0.29 during trading hours on Friday, hitting $43.23. The stock had a trading volume of 2,085,015 shares, compared to its average volume of 774,380. The company's fifty day simple moving average is $41.50 and its 200 day simple moving average is $36.75. Vontier Corporation has a 1 year low of $27.22 and a 1 year high of $43.88. The stock has a market cap of $6.34 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.43 and a beta of 1.31. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32.

Vontier (NYSE:VNT - Get Free Report) last announced 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 company had revenue of $773.50 million during the quarter, compared to analyst estimates of $734.23 million. During the same quarter last year, the firm posted $0.63 EPS. The firm's revenue for the quarter 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. Equities analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

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

About Vontier

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.