Wellington Management Group LLP Purchases Shares of 721,900 Vontier Corporation $VNT

Wellington Management Group LLP purchased a new stake in Vontier Corporation (NYSE:VNT) in the 2nd quarter, HoldingsChannel reports. The fund purchased 721,900 shares of the company’s stock, valued at approximately $20,935,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Vontier in the second quarter worth approximately $388,315,000. Franklin Resources Inc. increased its position in Vontier by 11.1% during the 4th 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 period. Corient Private Wealth LLC increased its position 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 purchasing an additional 2,450,723 shares during the period. Boston Partners acquired a new stake in Vontier during the 4th quarter valued at approximately $132,438,000. Finally, River Road Asset Management LLC raised its holdings in Vontier by 6.7% during the 4th 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 last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Price Performance

Shares of VNT opened at $33.19 on Monday. The firm has a market cap of $4.49 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13. Vontier Corporation has a 52-week low of $27.25 and a 52-week high of $48.20. The business’s 50 day moving average price is $31.61 and its two-hundred day moving average price is $33.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.94 and a current ratio of 1.25.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.89 EPS for the quarter, topping 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 quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $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, equities analysts anticipate that Vontier Corporation will post 3.49 EPS for the current year.

Vontier Dividend Announcement

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

Vontier declared that its board has initiated a share buyback program on Tuesday, May 19th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 25.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

VNT has been the topic of a number of recent analyst reports. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, May 26th. KeyCorp lifted their target price 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. Weiss Ratings upgraded shares of Vontier from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Robert W. Baird set a $39.00 price target on shares of Vontier in a research report on Friday, August 7th. Finally, Wolfe Research reiterated an “outperform” rating and set a $43.00 price target on shares of Vontier in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Vontier currently has an average rating of “Hold” and a consensus price target of $41.00.

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.