Allspring Global Investments Holdings LLC Takes Position in Vontier Corporation $VNT

Allspring Global Investments Holdings LLC purchased a new position in Vontier Corporation (NYSE:VNT) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 83,904 shares of the company’s stock, valued at approximately $3,017,000.

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Vontier by 1,950.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 73,758 shares of the company’s stock valued at $2,742,000 after acquiring an additional 70,160 shares during the last quarter. ASO GROUP Ltd acquired a new position in shares of Vontier during the 4th quarter worth approximately $4,390,000. Franklin Resources Inc. grew its position in shares of Vontier by 11.1% in 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. Brandywine Global Investment Management LLC grew its position in shares of Vontier by 8.1% in the fourth quarter. Brandywine Global Investment Management LLC now owns 1,495,686 shares of the company’s stock valued at $55,610,000 after purchasing an additional 111,465 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Vontier by 48.9% in the fourth quarter. Comerica Bank now owns 166,742 shares of the company’s stock valued at $6,199,000 after purchasing an additional 54,788 shares during the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on VNT shares. Weiss Ratings lowered Vontier from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Robert W. Baird set a $37.00 price objective on shares of Vontier in a report on Friday, May 8th. Evercore set a $36.00 price objective on shares of Vontier in a research report on Monday, May 11th. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, KeyCorp dropped their price target on shares of Vontier from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.89.

Vontier Price Performance

Shares of VNT opened at $30.78 on Friday. Vontier Corporation has a 1-year low of $27.25 and a 1-year high of $48.20. The stock 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 firm has a 50-day simple moving average of $29.23 and a two-hundred day simple moving average of $34.46. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.23 and a quick ratio of 0.90.

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

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

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, June 4th. 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.