Evolve Private Wealth LLC Makes New Investment in Vontier Corporation $VNT

Evolve Private Wealth LLC bought a new stake in shares of Vontier Corporation (NYSE:VNT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,069 shares of the company’s stock, valued at approximately $495,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Royal Bank of Canada grew its stake in Vontier by 2.9% during the 1st quarter. Royal Bank of Canada now owns 47,039 shares of the company’s stock valued at $1,545,000 after purchasing an additional 1,304 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Vontier by 42.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 386,140 shares of the company’s stock valued at $12,685,000 after purchasing an additional 115,740 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Vontier by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 583,565 shares of the company’s stock valued at $19,170,000 after buying an additional 62,040 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Vontier by 19.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,486 shares of the company’s stock worth $129,000 after buying an additional 568 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Vontier in the second quarter worth $188,000. 95.83% of the stock is owned by hedge funds and other institutional investors.

Vontier Stock Performance

Vontier stock opened at $33.38 on Wednesday. The company has a market cap of $4.51 billion, a PE ratio of 13.85, a P/E/G ratio of 1.14 and a beta of 1.15. The company has a fifty day moving average price of $31.16 and a two-hundred day moving average price of $33.69. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.25 and a quick ratio of 0.94. Vontier Corporation has a 12 month low of $27.25 and a 12 month high of $48.20.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, August 6th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Vontier had a net margin of 11.34% and a return on equity of 38.57%. The company had revenue of $756.70 million for the quarter, compared to analysts’ expectations of $747.12 million. During the same period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. Vontier has set its FY 2026 guidance at 3.450-3.550 EPS and its Q3 2026 guidance at 0.820-0.860 EPS. Research analysts expect that Vontier Corporation will post 3.49 earnings per share for the current year.

Vontier declared that its Board of Directors has approved a share buyback plan on Tuesday, May 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 25.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Vontier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.10 annualized dividend and a yield of 0.3%. Vontier’s dividend payout ratio is 4.15%.

Analyst Ratings Changes

A number of research firms have commented on VNT. Wall Street Zen downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. KeyCorp upped their target price on shares of Vontier from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings cut shares of Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Robert W. Baird set a $39.00 price target on Vontier in a research note on Friday, August 7th. Finally, Barclays lowered their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.00.

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.