Illinois Municipal Retirement Fund Increases Holdings in Vontier Corporation $VNT

Illinois Municipal Retirement Fund raised its holdings in Vontier Corporation (NYSE:VNT) by 42.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 98,780 shares of the company’s stock after buying an additional 29,412 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Vontier were worth $3,504,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC raised its holdings in shares of Vontier by 7.7% during the second quarter. Lazard Asset Management LLC now owns 3,534 shares of the company’s stock valued at $129,000 after acquiring an additional 253 shares in the last quarter. Americana Partners LLC boosted its holdings in Vontier by 4.9% in the fourth quarter. Americana Partners LLC now owns 6,217 shares of the company’s stock valued at $231,000 after acquiring an additional 289 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Vontier by 12.7% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the company’s stock valued at $100,000 after acquiring an additional 304 shares in the last quarter. Great Lakes Advisors LLC increased its position in Vontier by 5.6% during the 4th quarter. Great Lakes Advisors LLC now owns 6,104 shares of the company’s stock valued at $227,000 after purchasing an additional 321 shares during the period. Finally, HB Wealth Management LLC increased its position in Vontier by 4.3% during the 4th quarter. HB Wealth Management LLC now owns 8,237 shares of the company’s stock valued at $306,000 after purchasing an additional 340 shares during the period. 95.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VNT has been the subject of several research analyst reports. KeyCorp dropped their target price on shares of Vontier from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Barclays reduced their price target on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Robert W. Baird set a $37.00 price objective on shares of Vontier in a report on Friday, May 8th. Finally, Citigroup cut their price objective on Vontier from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.89.

Vontier Price Performance

VNT opened at $30.39 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.90 and a debt-to-equity ratio of 1.26. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 1.15 and a beta of 1.16. The stock has a fifty day simple moving average of $29.11 and a two-hundred day simple moving average of $34.72. Vontier Corporation has a 12-month low of $27.25 and a 12-month high of $48.20.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, May 7th. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02). The business had revenue of $750.60 million for the quarter, compared to the consensus estimate 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 firm 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. Research analysts predict that Vontier Corporation will post 3.39 earnings per share for the current fiscal year.

Vontier Dividend Announcement

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

Vontier announced that its Board of Directors has approved a share repurchase program on Tuesday, May 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 25.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

About Vontier

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.