Hsbc Holdings PLC lessened its stake in Vontier Corporation (NYSE:VNT – Free Report) by 66.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,063 shares of the company’s stock after selling 52,830 shares during the quarter. Hsbc Holdings PLC’s holdings in Vontier were worth $1,010,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Allworth Financial LP raised its position in shares of Vontier by 212.9% during the 3rd quarter. Allworth Financial LP now owns 948 shares of the company’s stock worth $40,000 after buying an additional 645 shares in the last quarter. Employees Retirement System of Texas bought a new position in shares of Vontier in the third quarter valued at approximately $58,000. Clearstead Advisors LLC boosted its holdings in shares of Vontier by 82.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,665 shares of the company’s stock valued at $62,000 after acquiring an additional 754 shares in the last quarter. Quarry LP increased its stake in shares of Vontier by 5,897.1% during the third quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $88,000 after acquiring an additional 2,064 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Vontier by 152.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company’s stock valued at $98,000 after acquiring an additional 1,591 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.
Wall Street Analysts Forecast Growth
VNT has been the subject of a number of research analyst reports. Barclays cut their target price on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Wolfe Research reiterated an “outperform” rating and set a $43.00 price target on shares of Vontier in a research report on Thursday. Wall Street Zen lowered Vontier from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Finally, Citigroup lowered their target price on Vontier from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $41.89.
Vontier Stock Performance
Shares of VNT opened at $29.29 on Tuesday. Vontier Corporation has a one year low of $27.25 and a one year high of $48.20. The company has a 50-day moving average of $29.32 and a two-hundred day moving average of $34.92. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 1.11 and a beta of 1.16. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.23 and a quick ratio of 0.90.
Vontier (NYSE:VNT – Get Free Report) last announced its 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). The firm had revenue of $750.60 million for the quarter, compared to analyst estimates of $737.21 million. Vontier had a net margin of 13.37% and a return on equity of 37.88%. Vontier’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share. Vontier has set its FY 2026 guidance at 3.350-3.500 EPS and its Q2 2026 guidance at 0.780-0.810 EPS. On average, equities research analysts expect that Vontier Corporation will post 3.39 earnings per share for the current year.
Vontier Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, June 4th. Vontier’s dividend payout ratio (DPR) is currently 3.53%.
Vontier declared that its board has authorized a stock buyback plan on Tuesday, May 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 25.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
Vontier Company Profile
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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