Legal & General Group Plc Sells 45,310 Shares of Vontier Corporation $VNT

Legal & General Group Plc reduced its stake in Vontier Corporation (NYSE:VNT) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,258 shares of the company’s stock after selling 45,310 shares during the period. Legal & General Group Plc owned 0.15% of Vontier worth $8,338,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jupiter Asset Management Ltd. bought a new stake in shares of Vontier during the third quarter valued at approximately $2,201,000. Allianz Asset Management GmbH increased its holdings in Vontier by 26.7% during the third quarter. Allianz Asset Management GmbH now owns 221,265 shares of the company’s stock valued at $9,286,000 after buying an additional 46,600 shares during the period. JPMorgan Chase & Co. increased its holdings in Vontier by 6.9% during the third quarter. JPMorgan Chase & Co. now owns 427,447 shares of the company’s stock valued at $17,941,000 after buying an additional 27,426 shares during the period. Neo Ivy Capital Management purchased a new position in Vontier during the third quarter valued at approximately $1,004,000. Finally, Bessemer Group Inc. increased its holdings in Vontier by 3.3% during the third quarter. Bessemer Group Inc. now owns 844,947 shares of the company’s stock valued at $35,464,000 after buying an additional 27,051 shares during the period. 95.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VNT. Weiss Ratings lowered shares of Vontier from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Evercore set a $36.00 price objective on shares of Vontier in a report on Monday, May 11th. Robert W. Baird set a $37.00 price objective on shares of Vontier in a report on Friday, May 8th. Citigroup cut their price objective on shares of Vontier from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Vontier from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Five 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.38.

Vontier Stock Down 0.5%

NYSE:VNT opened at $28.19 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.90 and a debt-to-equity ratio of 1.26. Vontier Corporation has a twelve month low of $27.25 and a twelve month high of $48.20. The company has a market cap of $3.97 billion, a PE ratio of 9.96, a P/E/G ratio of 1.07 and a beta of 1.16. The company’s 50 day moving average is $32.92 and its two-hundred day moving average is $36.20.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02). The company had revenue of $750.60 million during the quarter, compared to analysts’ expectations of $737.21 million. Vontier had a return on equity of 37.88% and a net margin of 13.37%.The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. Vontier has set its FY 2026 guidance at 3.350-3.500 EPS and its Q2 2026 guidance at 0.780-0.810 EPS. Analysts anticipate that Vontier Corporation will post 3.39 EPS for the current year.

Vontier declared that its Board of Directors has authorized a share repurchase plan on Tuesday, May 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 25.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.4%. Vontier’s payout ratio is currently 3.53%.

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.