Woodline Partners LP Grows Holdings in Vontier Corporation $VNT

Key Points

• Woodline Partners LP has significantly increased its stake in Vontier Corporation by 132.9% during Q1, owning 1,879,793 shares worth approximately $61.75 million.
• Vontier recently reported earnings of $0.79 per share for the last quarter, exceeding expectations and marking an 11.1% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.025 per share, with the annualized yield standing at 0.2% based on its payout ratio of 3.80%.

Woodline Partners LP increased its stake in Vontier Corporation (NYSE:VNT - Free Report) by 132.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,879,793 shares of the company's stock after acquiring an additional 1,072,683 shares during the quarter. Woodline Partners LP owned approximately 1.27% of Vontier worth $61,751,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings in Vontier by 586.2% in the 1st quarter. Brooklyn Investment Group now owns 844 shares of the company's stock worth $28,000 after acquiring an additional 721 shares in the last quarter. Olde Wealth Management LLC purchased a new stake in Vontier during the 1st quarter worth approximately $36,000. Summit Securities Group LLC purchased a new stake in Vontier during the 1st quarter worth approximately $64,000. Lazard Asset Management LLC purchased a new stake in Vontier during the 4th quarter worth approximately $73,000. Finally, GAMMA Investing LLC increased its stake in Vontier by 60.1% during the 1st quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock worth $73,000 after buying an additional 829 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on VNT. Robert W. Baird boosted their price objective on Vontier from $40.00 to $45.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. KeyCorp began coverage on Vontier in a research note on Thursday, August 21st. They set an "overweight" rating and a $50.00 price objective for the company. UBS Group boosted their price objective on Vontier from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen upgraded Vontier from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Finally, Citigroup reiterated a "buy" rating and set a $45.00 price objective (up from $37.00) on shares of Vontier in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $47.50.

Vontier Trading Down 0.8%

Shares of VNT stock traded down $0.35 on Friday, hitting $42.88. 896,722 shares of the stock traded hands, compared to its average volume of 974,737. The firm's 50-day moving average price is $40.95 and its two-hundred day moving average price is $36.49. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.80 and a current ratio of 1.08. The stock has a market capitalization of $6.29 billion, a PE ratio of 16.30, a PEG ratio of 1.42 and a beta of 1.31. Vontier Corporation has a twelve month low of $27.22 and a twelve month high of $43.78.

Vontier (NYSE:VNT - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The firm had revenue of $773.50 million for the quarter, compared to analysts' expectations of $734.23 million. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The company's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, analysts anticipate that Vontier Corporation will post 3.13 EPS for the current year.

Vontier Announces Dividend

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