Jupiter Topco LLC Makes New Investment in Vontier Corporation $VNT

Jupiter Topco LLC bought a new position in Vontier Corporation (NYSE:VNT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,444,914 shares of the company’s stock, valued at approximately $41,904,000.

A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Vontier during the second quarter worth $388,315,000. Franklin Resources Inc. increased its stake in Vontier by 11.1% during the fourth quarter. Franklin Resources Inc. now owns 5,803,510 shares of the company’s stock valued at $215,774,000 after purchasing an additional 577,914 shares during the last quarter. Corient Private Wealth LLC increased its stake in Vontier by 104.6% during the second quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock valued at $176,897,000 after purchasing an additional 2,450,723 shares during the last quarter. Boston Partners acquired a new stake in shares of Vontier during the fourth quarter worth $132,438,000. Finally, River Road Asset Management LLC raised its holdings in shares of Vontier by 6.7% during the fourth quarter. River Road Asset Management LLC now owns 3,298,671 shares of the company’s stock worth $122,645,000 after purchasing an additional 206,157 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VNT has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Wall Street Zen downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. KeyCorp increased their price objective on shares of Vontier from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Barclays decreased their target price on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Vontier has a consensus rating of “Hold” and an average price target of $41.00.

Vontier Price Performance

Shares of NYSE VNT opened at $33.17 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.25 and a quick ratio of 0.94. The firm has a market capitalization of $4.49 billion, a PE ratio of 13.77, a P/E/G ratio of 1.16 and a beta of 1.15. Vontier Corporation has a 1-year low of $27.25 and a 1-year high of $48.20. The business’s fifty day moving average price is $31.32 and its two-hundred day moving average price is $33.58.

Vontier (NYSE:VNT) last announced its quarterly earnings results 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 the consensus estimate of $747.12 million. Vontier had a net margin of 11.34% and a return on equity of 38.57%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share. 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, research analysts expect that Vontier Corporation will post 3.49 EPS for the current year.

Vontier announced that its Board of Directors has approved a stock 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 reacquire up to 25.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Vontier Dividend Announcement

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

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.