The Manufacturers Life Insurance Company Invests $10.48 Million in Vontier Corporation $VNT

The Manufacturers Life Insurance Company bought a new stake in Vontier Corporation (NYSE:VNT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 361,510 shares of the company’s stock, valued at approximately $10,484,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VNT. Lazard Asset Management LLC raised its holdings in Vontier by 7.7% during the second quarter. Lazard Asset Management LLC now owns 3,534 shares of the company’s stock worth $129,000 after purchasing an additional 253 shares in the last quarter. Americana Partners LLC boosted its holdings in Vontier by 4.9% in the 4th quarter. Americana Partners LLC now owns 6,217 shares of the company’s stock valued at $231,000 after purchasing an additional 289 shares in the last quarter. Great Lakes Advisors LLC increased its position in Vontier by 5.6% during the 4th quarter. Great Lakes Advisors LLC now owns 6,104 shares of the company’s stock worth $227,000 after purchasing an additional 321 shares during the period. Deutsche Bank AG increased its position in Vontier by 2.2% during the 4th quarter. Deutsche Bank AG now owns 17,829 shares of the company’s stock worth $663,000 after purchasing an additional 390 shares during the period. Finally, Advisory Services Network LLC raised its stake in shares of Vontier by 2.3% during the 3rd quarter. Advisory Services Network LLC now owns 17,474 shares of the company’s stock worth $733,000 after buying an additional 400 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VNT shares. Citigroup reduced their price target on Vontier from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, May 8th. Wall Street Zen lowered Vontier from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Barclays reduced 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. Finally, KeyCorp boosted their target price on shares of Vontier from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Four equities 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $41.00.

Vontier Trading Down 1.0%

Shares of Vontier stock opened at $32.78 on Friday. Vontier Corporation has a 12-month low of $27.25 and a 12-month high of $48.20. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33. The stock has a market cap of $4.43 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.15. The company has a 50-day moving average of $31.37 and a two-hundred day moving average of $33.58.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. 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 anticipate that Vontier Corporation will post 3.49 EPS for the current fiscal year.

Vontier announced that its board has authorized a stock buyback 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Vontier Announces Dividend

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 issued a dividend of $0.025 per share. The ex-dividend date of this dividend 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 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.