377,419 Shares in Vontier Corporation $VNT Purchased by Palisade Capital Management LP

Palisade Capital Management LP purchased a new position in Vontier Corporation (NYSE:VNT) during the second quarter, HoldingsChannel reports. The institutional investor purchased 377,419 shares of the company’s stock, valued at approximately $10,945,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in shares of Vontier by 21.6% during the 1st quarter. Bessemer Group Inc. now owns 776,603 shares of the company’s stock worth $27,546,000 after acquiring an additional 137,750 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Vontier by 1,950.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 73,758 shares of the company’s stock valued at $2,742,000 after purchasing an additional 70,160 shares during the period. ASO GROUP Ltd purchased a new stake in Vontier in the fourth quarter valued at approximately $4,390,000. Franklin Resources Inc. increased its position in Vontier by 11.1% during the fourth quarter. Franklin Resources Inc. now owns 5,803,510 shares of the company’s stock worth $215,774,000 after purchasing an additional 577,914 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Vontier by 14.2% during the first quarter. First Trust Advisors LP now owns 307,265 shares of the company’s stock worth $10,899,000 after purchasing an additional 38,152 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VNT shares. Weiss Ratings lowered shares of Vontier from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Citigroup dropped their price objective on Vontier from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, May 8th. Wolfe Research reaffirmed an “outperform” rating and issued a $43.00 target price on shares of Vontier in a research report on Thursday, July 9th. Wall Street Zen cut Vontier from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Argus downgraded Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.00.

Vontier Price Performance

VNT stock opened at $33.38 on Wednesday. The firm has a market cap of $4.51 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.14 and a beta of 1.15. The stock has a 50-day simple moving average of $31.16 and a 200-day simple moving average of $33.69. Vontier Corporation has a 1 year low of $27.25 and a 1 year high of $48.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.94 and a current ratio of 1.25.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, August 6th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Vontier had a net margin of 11.34% and a return on equity of 38.57%. The business had revenue of $756.70 million for the quarter, compared to analysts’ expectations of $747.12 million. During the same period in the previous year, the company posted $0.79 earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. 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, equities analysts predict that Vontier Corporation will post 3.49 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.10 annualized dividend and a yield of 0.3%. Vontier’s payout ratio is currently 4.15%.

Vontier declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 25.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are 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.