Illinois Municipal Retirement Fund Buys 29,412 Shares of Vontier Corporation $VNT

Illinois Municipal Retirement Fund grew its stake in shares of Vontier Corporation (NYSE:VNT) by 42.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,780 shares of the company’s stock after buying an additional 29,412 shares during the quarter. Illinois Municipal Retirement Fund owned 0.07% of Vontier worth $3,504,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP increased its stake in Vontier by 212.9% in the third quarter. Allworth Financial LP now owns 948 shares of the company’s stock valued at $40,000 after acquiring an additional 645 shares during the last quarter. Employees Retirement System of Texas purchased a new position in shares of Vontier in the 3rd quarter worth about $58,000. Clearstead Advisors LLC boosted its holdings in shares of Vontier by 82.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,665 shares of the company’s stock worth $62,000 after purchasing an additional 754 shares in the last quarter. Quarry LP increased its position in shares of Vontier by 5,897.1% during the 3rd quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $88,000 after purchasing an additional 2,064 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Vontier by 152.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company’s stock valued at $98,000 after purchasing an additional 1,591 shares during the last quarter. 95.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VNT has been the subject of a number of recent research reports. Wolfe Research restated 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 shares of Vontier from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird set a $37.00 price target on shares of Vontier in a research note on Friday, May 8th. Barclays lowered their price objective on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Finally, KeyCorp cut their price objective on shares of Vontier from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Vontier has a consensus rating of “Hold” and an average target price of $41.89.

Vontier Trading Down 0.7%

Shares of VNT stock opened at $30.39 on Friday. The stock has a market capitalization of $4.28 billion, a PE ratio of 10.74, a P/E/G ratio of 1.15 and a beta of 1.16. Vontier Corporation has a 1-year low of $27.25 and a 1-year high of $48.20. The business has a 50-day moving average of $29.11 and a 200 day moving average of $34.72. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.23 and a quick ratio of 0.90.

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

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 $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, June 4th. Vontier’s payout ratio is presently 3.53%.

Vontier announced that its Board of Directors has authorized a stock buyback plan on Tuesday, May 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 25.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.