Eldred Rock Partners LLC Sells 22,373 Shares of 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 trimmed its holdings in Vontier Corporation (NYSE:VNT - Free Report) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 423,991 shares of the company's stock after selling 22,373 shares during the period. Vontier accounts for approximately 4.8% of Eldred Rock Partners LLC's holdings, making the stock its 6th largest position. Eldred Rock Partners LLC owned about 0.29% of Vontier worth $15,645,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its holdings in shares of Vontier by 586.2% during the 1st quarter. Brooklyn Investment Group now owns 844 shares of the company's stock worth $28,000 after buying an additional 721 shares during the period. Olde Wealth Management LLC bought a new stake in shares of Vontier during the 1st quarter worth $36,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Vontier by 75.7% during the 2nd 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 period. Summit Securities Group LLC bought a new stake in shares of Vontier during the 1st quarter worth $64,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Vontier during the 4th quarter worth $73,000. 95.83% of the stock is owned by institutional investors.

Vontier Price Performance

Shares of Vontier stock traded down $0.29 during mid-day trading on Friday, reaching $43.23. 2,085,015 shares of the stock were exchanged, compared to its average volume of 975,260. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32. The firm has a 50-day simple moving average of $41.40 and a 200 day simple moving average of $36.68. Vontier Corporation has a fifty-two week low of $27.22 and a fifty-two week high of $43.88.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The firm had revenue of $773.50 million for the quarter, compared to analyst estimates of $734.23 million. During the same quarter in the prior year, the firm earned $0.63 EPS. The company'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, sell-side analysts predict that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.2%. Vontier's dividend payout ratio is currently 3.80%.

Analyst Ratings Changes

Several analysts recently issued reports on VNT shares. Citigroup reaffirmed a "buy" rating and set a $45.00 price objective (up from $37.00) on shares of Vontier in a report on Monday, July 14th. Argus upgraded shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a research note on Tuesday, August 5th. KeyCorp initiated coverage on shares of Vontier in a research note on Thursday, August 21st. They set an "overweight" rating and a $50.00 target price for the company. UBS Group upped their target price on shares of Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Evercore ISI reiterated 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 issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.50.

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.