Vontier Corporation $VNT Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its holdings in shares of Vontier Corporation (NYSE:VNT) by 16.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 224,258 shares of the company’s stock after selling 45,310 shares during the quarter. Legal & General Group Plc’s holdings in Vontier were worth $8,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Jupiter Asset Management Ltd. bought a new position in shares of Vontier during the 3rd quarter valued at $2,201,000. Allianz Asset Management GmbH raised its holdings in shares of Vontier by 26.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 221,265 shares of the company’s stock valued at $9,286,000 after purchasing an additional 46,600 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Vontier by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 427,447 shares of the company’s stock valued at $17,941,000 after purchasing an additional 27,426 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Vontier during the 3rd quarter valued at $1,004,000. Finally, Bessemer Group Inc. raised its holdings in Vontier by 3.3% in the 3rd quarter. Bessemer Group Inc. now owns 844,947 shares of the company’s stock worth $35,464,000 after acquiring an additional 27,051 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Performance

NYSE:VNT opened at $28.19 on Friday. The firm’s 50-day moving average is $32.92 and its 200-day moving average is $36.20. Vontier Corporation has a 52-week low of $27.25 and a 52-week high of $48.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.90 and a current ratio of 1.23. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 1.07 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 (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.02). Vontier had a return on equity of 37.88% and a net margin of 13.37%.The company had revenue of $750.60 million for the quarter, compared to the consensus estimate of $737.21 million. During the same quarter in the previous year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. 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 research analysts anticipate that Vontier Corporation will post 3.39 earnings per share for the current year.

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

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, June 4th. Vontier’s payout ratio is 3.53%.

Wall Street Analysts Forecast Growth

VNT has been the topic of several recent analyst reports. KeyCorp dropped their target price on shares of Vontier from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, May 26th. Robert W. Baird set a $37.00 target price on shares of Vontier in a report on Friday, May 8th. Weiss Ratings downgraded shares of Vontier from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Finally, Citigroup dropped their target price on shares of Vontier from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Five equities 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.38.

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.