Engineers Gate Manager LP Has $7.77 Million Holdings in Vontier Corporation $VNT

Engineers Gate Manager LP grew its position in Vontier Corporation (NYSE:VNT) by 1,707.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 268,044 shares of the company’s stock after acquiring an additional 253,217 shares during the period. Engineers Gate Manager LP’s holdings in Vontier were worth $7,773,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Vontier during the 2nd quarter worth $388,315,000. Franklin Resources Inc. boosted its stake in shares of Vontier by 11.1% during the fourth 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 in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Vontier by 104.6% during the second 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 in the last quarter. California State Teachers Retirement System grew its holdings in shares of Vontier by 2,683.6% during the second quarter. California State Teachers Retirement System now owns 4,724,303 shares of the company’s stock worth $137,005,000 after purchasing an additional 4,554,581 shares during the last quarter. Finally, Boston Partners bought a new stake in shares of Vontier during the fourth quarter worth about $132,438,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on VNT. KeyCorp raised their price objective on shares of Vontier from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Robert W. Baird set a $39.00 target price on shares of Vontier in a report on Friday, August 7th. Weiss Ratings upgraded shares of Vontier from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Wolfe Research reaffirmed an “outperform” rating and set a $43.00 price target on shares of Vontier in a research note on Thursday, July 9th. Finally, Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.00.

Vontier Price Performance

Shares of VNT opened at $31.25 on Friday. Vontier Corporation has a 1 year low of $27.25 and a 1 year high of $48.20. 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 company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.09 and a beta of 1.13. The business has a 50-day moving average of $31.89 and a 200-day moving average of $32.94.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, August 6th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.80 by $0.09. The business had revenue of $756.70 million for the quarter, compared to analysts’ expectations of $747.12 million. Vontier had a return on equity of 38.57% and a net margin of 11.34%.The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $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. As a group, equities research analysts anticipate that Vontier Corporation will post 3.49 earnings per share for the current year.

Vontier declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to buy up to 25.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid 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 of this dividend is Thursday, September 3rd. Vontier’s dividend payout ratio is currently 4.15%.

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.