Heron Bay Capital Management purchased a new stake in Vontier Corporation (NYSE:VNT – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,925,164 shares of the company’s stock, valued at approximately $55,830,000. Vontier makes up approximately 5.1% of Heron Bay Capital Management’s portfolio, making the stock its 4th largest holding.
A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. acquired a new stake in Vontier in the 2nd quarter worth about $388,315,000. Boston Partners acquired a new stake in Vontier during the fourth quarter worth approximately $132,438,000. Corient Private Wealth LLC increased its position in shares of Vontier by 104.6% in the second quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock worth $176,897,000 after purchasing an additional 2,450,723 shares during the period. Norges Bank bought a new position in Vontier in the 4th quarter valued at about $68,526,000. Finally, Bank of New York Mellon Corp acquired a new position in Vontier during the second quarter valued at approximately $30,220,000. 95.83% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Wolfe Research reissued an “outperform” rating and issued a $43.00 target price on shares of Vontier in a report on Thursday, July 9th. Wall Street Zen downgraded Vontier from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings lowered Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Finally, Barclays lowered their target price on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.00.
Vontier Trading Up 0.4%
Shares of Vontier stock opened at $32.94 on Friday. The stock has a fifty day simple moving average of $31.01 and a 200 day simple moving average of $33.81. The company has a market capitalization of $4.45 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 1.13 and a beta of 1.15. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33. Vontier Corporation has a 12-month low of $27.25 and a 12-month high of $48.20.
Vontier (NYSE:VNT – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. Vontier had a return on equity of 38.57% and a net margin of 11.34%.The company had revenue of $756.70 million during the quarter, compared to the consensus estimate of $747.12 million. During the same period last year, the business posted $0.79 earnings per share. Vontier’s revenue was down 2.2% on a year-over-year basis. 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 anticipate that Vontier Corporation will post 3.49 earnings per share for the current fiscal year.
Vontier Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, September 3rd. Vontier’s payout ratio is currently 4.15%.
Vontier announced that its board has initiated a share repurchase plan on Tuesday, May 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 25.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
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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