Vontier Corporation $VNT Shares Acquired by Woodline Partners LP

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 grew its holdings in Vontier Corporation (NYSE:VNT - Free Report) by 132.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,879,793 shares of the company's stock after purchasing an additional 1,072,683 shares during the period. Woodline Partners LP owned about 1.27% of Vontier worth $61,751,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group increased its stake in Vontier by 586.2% in the first quarter. Brooklyn Investment Group now owns 844 shares of the company's stock worth $28,000 after purchasing an additional 721 shares during the period. Olde Wealth Management LLC purchased a new stake in Vontier in the first quarter worth $36,000. Summit Securities Group LLC purchased a new stake in Vontier in the first quarter worth $64,000. Lazard Asset Management LLC purchased a new stake in Vontier in the fourth quarter worth $73,000. Finally, GAMMA Investing LLC increased its stake in Vontier by 60.1% in the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock worth $73,000 after purchasing an additional 829 shares during the period. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Stock Down 0.8%

VNT stock traded down $0.35 during trading on Friday, reaching $42.88. 896,722 shares of the company traded hands, compared to its average volume of 802,575. Vontier Corporation has a 12 month low of $27.22 and a 12 month high of $43.78. The business has a 50 day simple moving average of $41.03 and a 200 day simple moving average of $36.51. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.43 and a beta of 1.31. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.80 and a current ratio of 1.08.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $734.23 million. During the same quarter last year, the company earned $0.63 earnings per share. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. Vontier has set its FY 2025 guidance at 3.100-3.200 EPS. Q3 2025 guidance at 0.740-0.780 EPS. On average, equities research analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, September 4th. Vontier's dividend payout ratio (DPR) is currently 3.80%.

Analyst Ratings Changes

Several equities analysts have recently commented on VNT shares. Citigroup restated a "buy" rating and set a $45.00 price target (up previously from $37.00) on shares of Vontier in a research note on Monday, July 14th. Barclays restated an "overweight" rating on shares of Vontier in a research note on Monday, August 4th. Argus upgraded Vontier from a "hold" rating to a "buy" rating and set a $47.00 price target on the stock in a research note on Tuesday, August 5th. UBS Group raised their price target on 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 restated 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 issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $47.50.

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.