RNC Capital Management LLC Boosts Holdings in Vontier Corporation $VNT

RNC Capital Management LLC raised its stake in shares of Vontier Corporation (NYSE:VNT) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,245 shares of the company’s stock after purchasing an additional 1,093 shares during the quarter. RNC Capital Management LLC’s holdings in Vontier were worth $1,227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group increased its stake in shares of Vontier by 586.2% in the first quarter. Brooklyn Investment Group now owns 844 shares of the company’s stock worth $28,000 after acquiring an additional 721 shares during the period. Olde Wealth Management LLC acquired a new stake in shares of Vontier in the first quarter worth $36,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Vontier by 75.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company’s stock worth $45,000 after acquiring an additional 529 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in shares of Vontier in the second quarter worth $53,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Vontier in the first quarter worth $64,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VNT. UBS Group raised their price target on shares of Vontier from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group restated a “neutral” rating on shares of Vontier in a research report on Thursday, July 31st. Citigroup restated a “buy” rating and set a $45.00 price target (up previously from $37.00) on shares of Vontier in a research report on Monday, July 14th. Wall Street Zen upgraded shares of Vontier from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Vontier in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.50.

Vontier Stock Performance

VNT opened at $42.31 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.43 and a beta of 1.30. Vontier Corporation has a 52-week low of $27.22 and a 52-week high of $43.88. The firm’s fifty day simple moving average is $42.18 and its two-hundred day simple moving average is $38.03.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $773.50 million for the quarter, compared to analyst estimates of $734.23 million. Vontier had a net margin of 12.99% and a return on equity of 41.96%. Vontier’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 earnings per share. Vontier has set its FY 2025 guidance at 3.100-3.200 EPS. Q3 2025 guidance at 0.740-0.780 EPS. Equities analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, September 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.2%. Vontier’s payout ratio is presently 3.80%.

Vontier Profile

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.