Foster & Motley Inc. bought a new position in shares of Vontier Corporation (NYSE:VNT – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 155,038 shares of the company’s stock, valued at approximately $4,496,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Meeder Asset Management Inc. purchased a new stake in Vontier in the 2nd quarter worth $184,000. Texas Capital Bank Wealth Management Services Inc purchased a new position in Vontier during the second quarter valued at $201,000. BlackRock Inc. purchased a new position in Vontier during the second quarter valued at $388,315,000. Deutsche Bank AG acquired a new stake in shares of Vontier in the second quarter valued at about $541,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Vontier in the second quarter valued at about $103,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. KeyCorp lifted their price objective on Vontier from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Citigroup reduced their target price on Vontier from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Weiss Ratings lowered Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Vontier currently has a consensus rating of “Hold” and an average target price of $41.00.
Vontier Stock Performance
NYSE:VNT opened at $32.10 on Wednesday. The company’s 50-day moving average price is $30.76 and its 200-day moving average price is $33.88. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33. The company has a market cap of $4.34 billion, a P/E ratio of 13.32, a P/E/G ratio of 1.13 and a beta of 1.15. Vontier Corporation has a twelve month low of $27.25 and a twelve month high of $48.20.
Vontier (NYSE:VNT – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.09. The company had revenue of $756.70 million during the quarter, compared to analysts’ expectations of $747.12 million. Vontier had a net margin of 11.34% and a return on equity of 38.57%. Vontier’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 EPS. Vontier has set its FY 2026 guidance at 3.450-3.550 EPS and its Q3 2026 guidance at 0.820-0.860 EPS. On average, sell-side analysts forecast that Vontier Corporation will post 3.49 earnings per share for the current fiscal year.
Vontier declared that its Board of Directors has approved a share buyback program on Tuesday, May 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 25.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.
Vontier Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.025 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Vontier’s dividend payout ratio is 4.15%.
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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