Bank of New York Mellon Corp Decreases Position in Vontier Corporation $VNT

Bank of New York Mellon Corp trimmed its holdings in Vontier Corporation (NYSE:VNT) by 1.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,147,595 shares of the company’s stock after selling 20,886 shares during the quarter. Bank of New York Mellon Corp’s holdings in Vontier were worth $40,705,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in VNT. Franklin Resources Inc. raised its holdings in Vontier by 11.1% during the fourth quarter. Franklin Resources Inc. now owns 5,803,510 shares of the company’s stock worth $215,774,000 after purchasing an additional 577,914 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Vontier by 104.6% during the 2nd quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock worth $176,897,000 after buying an additional 2,450,723 shares during the last quarter. Boston Partners acquired a new position in shares of Vontier in the 4th quarter valued at $132,438,000. River Road Asset Management LLC boosted its holdings in shares of Vontier by 6.7% in the 4th quarter. River Road Asset Management LLC now owns 3,298,671 shares of the company’s stock valued at $122,645,000 after buying an additional 206,157 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Vontier by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,184,318 shares of the company’s stock valued at $118,403,000 after buying an additional 201,548 shares during the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Vontier from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird set a $37.00 price objective on Vontier in a report on Friday, May 8th. Citigroup decreased their target price on Vontier from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Wolfe Research restated 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 Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.89.

Vontier Price Performance

Vontier stock opened at $30.78 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.23 and a quick ratio of 0.90. The business has a 50 day simple moving average of $29.23 and a 200-day simple moving average of $34.46. Vontier Corporation has a 12 month low of $27.25 and a 12 month high of $48.20. The stock has a market capitalization of $4.33 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 1.16 and a beta of 1.16.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02). The firm had revenue of $750.60 million during the quarter, compared to analysts’ expectations of $737.21 million. Vontier had a net margin of 13.37% and a return on equity of 37.88%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $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 year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Vontier’s payout ratio is presently 3.53%.

Vontier declared that its board has initiated a stock repurchase program on Tuesday, May 19th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase 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 stock is undervalued.

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.