London Co. of Virginia Sells 44,605 Shares of Vontier Corporation $VNT

London Co. of Virginia reduced its position in Vontier Corporation (NYSE:VNT) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 847,183 shares of the company’s stock after selling 44,605 shares during the period. London Co. of Virginia’s holdings in Vontier were worth $31,498,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Jupiter Asset Management Ltd. bought a new position in shares of Vontier in the third quarter worth approximately $2,201,000. JPMorgan Chase & Co. boosted its position in shares of Vontier by 6.9% in the third quarter. JPMorgan Chase & Co. now owns 427,447 shares of the company’s stock worth $17,941,000 after purchasing an additional 27,426 shares during the period. Neo Ivy Capital Management bought a new position in shares of Vontier in the third quarter worth approximately $1,004,000. Crossmark Global Holdings Inc. boosted its position in shares of Vontier by 618.5% in the third quarter. Crossmark Global Holdings Inc. now owns 76,009 shares of the company’s stock worth $3,190,000 after purchasing an additional 65,430 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Vontier by 1,950.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 73,758 shares of the company’s stock worth $2,742,000 after purchasing an additional 70,160 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Vontier Price Performance

Shares of NYSE:VNT opened at $29.74 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.90 and a current ratio of 1.23. The firm has a fifty day moving average price of $32.03 and a 200 day moving average price of $35.91. Vontier Corporation has a fifty-two week low of $27.25 and a fifty-two week high of $48.20. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.12 and a beta of 1.16.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, May 7th. The company reported $0.80 earnings per share 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 for the quarter, compared to the consensus estimate of $737.21 million. During the same quarter in the prior year, the company posted $0.77 EPS. Vontier’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. As a group, sell-side analysts expect that Vontier Corporation will post 3.39 earnings per share for the current fiscal year.

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

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Vontier’s dividend payout ratio is currently 3.53%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Evercore set a $36.00 price target on shares of Vontier in a research report on Monday, May 11th. Citigroup dropped their price target on shares of Vontier from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, May 26th. KeyCorp dropped their price target on shares of Vontier from $50.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Finally, Barclays dropped their target price on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $42.38.

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.