Sei Investments Co. increased its stake in Vontier Corporation (NYSE:VNT – Free Report) by 4.6% during the first quarter, HoldingsChannel.com reports. The fund owned 429,535 shares of the company’s stock after buying an additional 18,753 shares during the period. Sei Investments Co.’s holdings in Vontier were worth $15,235,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of VNT. First Trust Advisors LP lifted its holdings in shares of Vontier by 14.2% during the first quarter. First Trust Advisors LP now owns 307,265 shares of the company’s stock valued at $10,899,000 after purchasing an additional 38,152 shares during the last quarter. Scarborough Advisors LLC purchased a new position in Vontier in the 1st quarter worth about $57,000. Bessemer Group Inc. increased its stake in Vontier by 21.6% in the 1st quarter. Bessemer Group Inc. now owns 776,603 shares of the company’s stock worth $27,546,000 after purchasing an additional 137,750 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Vontier in the 1st quarter worth about $3,017,000. Finally, Illinois Municipal Retirement Fund raised its holdings in Vontier by 42.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 98,780 shares of the company’s stock worth $3,504,000 after buying an additional 29,412 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have commented on VNT. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Citigroup dropped their target price on shares of Vontier from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. KeyCorp cut their price target on shares of Vontier from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Wall Street Zen downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Barclays decreased their price objective on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Vontier currently has an average rating of “Moderate Buy” and a consensus target price of $41.89.
Vontier Stock Down 0.9%
NYSE:VNT opened at $31.95 on Friday. The business’s fifty day moving average price is $29.55 and its 200 day moving average price is $34.26. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.22 and a beta of 1.16. 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 1-year low of $27.25 and a 1-year high of $48.20.
Vontier (NYSE:VNT – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $750.60 million for the quarter, compared to analyst estimates of $737.21 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. Vontier has set its FY 2026 guidance at 3.350-3.500 EPS and its Q2 2026 guidance at 0.780-0.810 EPS. On average, sell-side analysts forecast that Vontier Corporation will post 3.39 earnings per share for the current fiscal year.
Vontier Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, June 4th. Vontier’s dividend payout ratio is 3.53%.
Vontier declared that its board has authorized a stock buyback plan on Tuesday, May 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 25.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
Vontier 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.
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