Louisiana State Employees Retirement System bought a new position in shares of Vontier Corporation (NYSE:VNT – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor bought 41,100 shares of the company’s stock, valued at approximately $1,458,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Vontier by 8.3% during the 1st quarter. Blue Trust Inc. now owns 5,688 shares of the company’s stock worth $202,000 after purchasing an additional 434 shares during the last quarter. Storen Legacy Partners LLC acquired a new stake in shares of Vontier in the 4th quarter valued at approximately $275,000. River Road Asset Management LLC grew its stake in shares of Vontier by 6.7% in the fourth quarter. River Road Asset Management LLC now owns 3,298,671 shares of the company’s stock valued at $122,645,000 after buying an additional 206,157 shares in the last quarter. Nolet Wealth Management LLC bought a new position in shares of Vontier in the fourth quarter valued at $301,000. Finally, Invesco Ltd. increased its holdings in Vontier by 1.6% during the fourth quarter. Invesco Ltd. now owns 1,278,280 shares of the company’s stock worth $47,526,000 after buying an additional 19,589 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on VNT shares. Robert W. Baird set a $37.00 price target on shares of Vontier in a research report on Friday, May 8th. Weiss Ratings downgraded shares of Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Barclays lowered their price objective on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. KeyCorp dropped their target price on shares of Vontier from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.38.
Vontier Stock Up 0.1%
VNT stock opened at $28.60 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.90 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $4.03 billion, a PE ratio of 10.11, a PEG ratio of 1.08 and a beta of 1.16. Vontier Corporation has a 1-year low of $27.25 and a 1-year high of $48.20. The business’s 50 day simple moving average is $30.30 and its 200 day simple moving average is $35.36.
Vontier (NYSE:VNT – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.02). Vontier had a net margin of 13.37% and a return on equity of 37.88%. The business had revenue of $750.60 million for the quarter, compared to analyst estimates of $737.21 million. During the same period in the prior year, the business earned $0.77 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Vontier has set its FY 2026 guidance at 3.350-3.500 EPS and its Q2 2026 guidance at 0.780-0.810 EPS. As a group, research analysts anticipate that Vontier Corporation will post 3.39 EPS for the current year.
Vontier announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 25.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
Vontier Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Vontier’s dividend payout ratio is presently 3.53%.
About Vontier
Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.
The company’s diversified portfolio spans several well-known brands.
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