Wedge Capital Management L L P NC Buys 165,650 Shares of Vontier Corporation $VNT

Wedge Capital Management L L P NC increased its stake in Vontier Corporation (NYSE:VNT) by 55.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 463,302 shares of the company’s stock after purchasing an additional 165,650 shares during the quarter. Wedge Capital Management L L P NC owned about 0.33% of Vontier worth $13,436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VNT. Franklin Resources Inc. boosted its stake in Vontier by 11.1% in the 4th quarter. Franklin Resources Inc. now owns 5,803,510 shares of the company’s stock worth $215,774,000 after purchasing an additional 577,914 shares during the period. Corient Private Wealth LLC grew its holdings in Vontier by 104.6% during the 2nd quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock valued at $176,897,000 after buying an additional 2,450,723 shares in the last quarter. Boston Partners bought a new stake in shares of Vontier during the fourth quarter valued at about $132,438,000. River Road Asset Management LLC increased its position 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 valued at $122,645,000 after buying an additional 206,157 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Vontier by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,184,318 shares of the company’s stock valued at $118,403,000 after acquiring an additional 201,548 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Trading Down 1.8%

Shares of VNT opened at $33.46 on Thursday. Vontier Corporation has a 1-year low of $27.25 and a 1-year high of $48.20. The company has a market capitalization of $4.52 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.17 and a beta of 1.15. 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’s 50 day simple moving average is $30.43 and its 200 day simple moving average is $34.00.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. The business had revenue of $756.70 million during the quarter, compared to analysts’ expectations of $747.12 million. Vontier had a net margin of 11.34% and a return on equity of 38.57%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Sell-side analysts forecast that Vontier Corporation will post 3.49 earnings per share for the current fiscal year.

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

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were given a $0.025 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.10 annualized dividend and a yield of 0.3%. Vontier’s payout ratio is 4.15%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. KeyCorp upped their target price on shares of Vontier from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, May 26th. Evercore set a $36.00 price target on shares of Vontier in a research report on Monday, May 11th. Barclays decreased their price target on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $43.00 price objective on shares of Vontier in a research report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $41.00.

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.