Van ECK Associates Corp Sells 175,292 Shares of Vontier Corporation $VNT

Van ECK Associates Corp trimmed its holdings in shares of Vontier Corporation (NYSE:VNT) by 75.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,545 shares of the company’s stock after selling 175,292 shares during the quarter. Van ECK Associates Corp’s holdings in Vontier were worth $1,611,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VNT. Royal Bank of Canada increased its position in shares of 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 during the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 worth $12,685,000 after buying an additional 115,740 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Vontier by 11.9% in 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 worth $19,170,000 after buying an additional 62,040 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Vontier by 19.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,486 shares of the company’s stock valued at $129,000 after buying an additional 568 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Vontier during the second quarter worth about $188,000. Institutional investors own 95.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Barclays reduced 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. Wolfe Research reaffirmed an “outperform” rating and issued a $43.00 price target on shares of Vontier in a report on Thursday, July 9th. Weiss Ratings lowered Vontier from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Evercore set a $36.00 target price on Vontier in a research report on Monday, May 11th. Finally, Wall Street Zen lowered Vontier from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $41.00.

Vontier Trading Up 0.5%

Shares of Vontier stock opened at $33.19 on Friday. The company’s 50-day moving average price is $31.61 and its 200-day moving average price is $33.25. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33. Vontier Corporation has a 12-month low of $27.25 and a 12-month high of $48.20. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.13 and a beta of 1.13.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.80 by $0.09. The company 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%. Vontier’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 earnings per share. 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 expect that Vontier Corporation will post 3.49 earnings per share for the current fiscal year.

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 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 is Thursday, September 3rd. Vontier’s dividend payout ratio (DPR) is 4.15%.

Vontier declared that its board has approved a stock buyback program on Tuesday, May 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 25.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership 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.