Vontier Corporation $VNT Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Vontier Corporation (NYSE:VNT) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,147,595 shares of the company’s stock after selling 20,886 shares during the period. Bank of New York Mellon Corp owned about 0.81% of Vontier worth $40,705,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its position in shares of Vontier by 42.4% during the first quarter. Illinois Municipal Retirement Fund now owns 98,780 shares of the company’s stock worth $3,504,000 after purchasing an additional 29,412 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Vontier by 6.4% in the first quarter. Hillsdale Investment Management Inc. now owns 78,400 shares of the company’s stock valued at $2,781,000 after purchasing an additional 4,700 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Vontier by 1.4% in the first quarter. Principal Financial Group Inc. now owns 316,416 shares of the company’s stock valued at $11,223,000 after purchasing an additional 4,237 shares in the last quarter. Fifth Third Bancorp increased its stake in Vontier by 7,840.2% during the 1st quarter. Fifth Third Bancorp now owns 166,744 shares of the company’s stock worth $5,914,000 after buying an additional 164,644 shares during the period. Finally, Banyan Capital Management Inc. increased its stake in Vontier by 1.0% during the 1st quarter. Banyan Capital Management Inc. now owns 433,591 shares of the company’s stock worth $15,379,000 after buying an additional 4,245 shares during the period. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VNT shares. Wolfe Research reiterated an “outperform” rating and set a $43.00 target price on shares of Vontier in a report on Thursday, July 9th. Wall Street Zen lowered Vontier from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Barclays reduced their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Finally, Citigroup lowered their target price on Vontier from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Vontier currently has a consensus rating of “Hold” and a consensus target price of $41.89.

Vontier Trading Up 1.7%

Shares of NYSE:VNT opened at $30.78 on Friday. Vontier Corporation has a 52 week low of $27.25 and a 52 week high of $48.20. The company’s 50 day moving average is $29.23 and its two-hundred day moving average is $34.46. The company has a market cap of $4.33 billion, a PE ratio of 10.87, a P/E/G ratio of 1.16 and a beta of 1.16. The company has a current ratio of 1.23, a quick ratio of 0.90 and a debt-to-equity ratio of 1.26.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.02). The firm had revenue of $750.60 million for the quarter, compared to analysts’ expectations of $737.21 million. Vontier had a return on equity of 37.88% and a net margin of 13.37%.Vontier’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. Vontier has set its FY 2026 guidance at 3.350-3.500 EPS and its Q2 2026 guidance at 0.780-0.810 EPS. Equities analysts predict that Vontier Corporation will post 3.39 earnings per share for the current fiscal year.

Vontier declared that its board has initiated 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 shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were paid a $0.025 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Vontier’s dividend payout ratio (DPR) is currently 3.53%.

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.