Wedge Capital Management L L P NC Increases Holdings in Vontier Corporation $VNT

Wedge Capital Management L L P NC increased its position in Vontier Corporation (NYSE:VNT) by 55.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 463,302 shares of the company’s stock after buying an additional 165,650 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Vontier were worth $13,436,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of VNT. Employees Retirement System of Texas purchased a new stake in shares of Vontier in the 3rd quarter valued at $58,000. Scarborough Advisors LLC bought a new position in shares of Vontier during the 1st quarter valued at $57,000. Clearstead Advisors LLC raised its position in Vontier by 82.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,665 shares of the company’s stock worth $62,000 after purchasing an additional 754 shares during the period. Quarry LP raised its position in Vontier by 5,897.1% in the 3rd quarter. Quarry LP now owns 2,099 shares of the company’s stock worth $88,000 after purchasing an additional 2,064 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in Vontier by 152.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company’s stock worth $98,000 after purchasing an additional 1,591 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Stock Down 1.8%

Shares of Vontier stock opened at $33.46 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33. The company’s fifty day simple moving average is $30.43 and its two-hundred day simple moving average is $34.00. The company has a market cap of $4.52 billion, a P/E ratio of 13.88, a PEG ratio of 1.17 and a beta of 1.15. Vontier Corporation has a 12-month low of $27.25 and a 12-month high of $48.20.

Vontier (NYSE:VNT) last issued 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. Vontier had a net margin of 11.34% and a return on equity of 38.57%. The business had revenue of $756.70 million during the quarter, compared to analyst estimates of $747.12 million. During the same period in the prior year, the business earned $0.79 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. 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 anticipate that Vontier Corporation will post 3.49 EPS for the current year.

Vontier announced that its board has authorized a stock buyback plan on Tuesday, May 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 25.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, June 4th. Vontier’s dividend payout ratio is presently 4.15%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings lowered shares of Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Wolfe Research reiterated an “outperform” rating and issued a $43.00 price objective on shares of Vontier in a report on Thursday, July 9th. Evercore set a $36.00 target price on Vontier in a research note on Monday, May 11th. KeyCorp increased their target price on Vontier from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Argus lowered Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Five 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 stock. According to data from MarketBeat, the stock presently 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.