Eldred Rock Partners LLC increased its stake in Vontier Corporation (NYSE:VNT – Free Report) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 459,406 shares of the company’s stock after purchasing an additional 28,132 shares during the period. Vontier accounts for 2.9% of Eldred Rock Partners LLC’s portfolio, making the stock its 17th largest position. Eldred Rock Partners LLC’s holdings in Vontier were worth $13,323,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC increased its position in Vontier by 24.6% in the second quarter. Dynamic Advisor Solutions LLC now owns 39,848 shares of the company’s stock worth $1,156,000 after buying an additional 7,880 shares during the period. Redwood Investment Management LLC boosted its holdings in shares of Vontier by 1.8% during the first quarter. Redwood Investment Management LLC now owns 29,867 shares of the company’s stock valued at $1,059,000 after acquiring an additional 540 shares during the period. Empowered Funds LLC grew its position in shares of Vontier by 185.6% during the first quarter. Empowered Funds LLC now owns 15,671 shares of the company’s stock worth $556,000 after acquiring an additional 10,183 shares during the last quarter. Turtle Creek Asset Management Inc. increased its holdings in shares of Vontier by 17.5% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,114,615 shares of the company’s stock worth $75,005,000 after acquiring an additional 314,211 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Vontier by 69.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,971 shares of the company’s stock worth $212,000 after acquiring an additional 2,440 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.
Vontier Trading Down 0.7%
Vontier stock opened at $35.02 on Friday. Vontier Corporation has a 12-month low of $27.25 and a 12-month high of $48.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.25 and a quick ratio of 0.90. The stock has a market capitalization of $4.93 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.29 and a beta of 1.15. The firm has a 50 day simple moving average of $30.10 and a 200-day simple moving average of $34.10.
Vontier announced that its Board of Directors has authorized a share buyback plan on Tuesday, May 19th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 25.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
Vontier Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.10 annualized dividend and a yield of 0.3%. Vontier’s dividend payout ratio (DPR) is currently 3.53%.
Analyst Upgrades and Downgrades
Several research firms have commented on VNT. Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Evercore set a $36.00 price target on Vontier in a report on Monday, May 11th. Weiss Ratings downgraded Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Wolfe Research reissued an “outperform” rating and issued a $43.00 price objective on shares of Vontier in a report on Thursday, July 9th. Finally, Barclays lowered their target price on Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.00.
More Vontier News
Here are the key news stories impacting Vontier this week:
- Positive Sentiment: Vontier reported second-quarter adjusted EPS of $0.89, above the $0.80 consensus estimate, while revenue of $756.7 million also exceeded expectations of $747.1 million. EPS increased from $0.79 a year earlier. Vontier quarterly earnings report
- Positive Sentiment: Management raised full-year 2026 adjusted EPS guidance to $3.45-$3.55, above the prior consensus estimate of $3.40, and expanded its share-repurchase authorization to $1 billion. The higher outlook and buyback could support earnings per share and shareholder returns. Vontier raises EPS outlook and buyback authorization
- Positive Sentiment: The acquisition of EKOS adds cloud-connected fleet, fuel and electric-vehicle management software, strengthening Vontier’s fleet-connectivity platform and potentially expanding its recurring software opportunity. Vontier announces EKOS acquisition
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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