Turtle Creek Asset Management Inc. Raises Stock Position in Vontier Corporation $VNT

Turtle Creek Asset Management Inc. grew its stake in shares of Vontier Corporation (NYSE:VNT) by 17.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,114,615 shares of the company’s stock after purchasing an additional 314,211 shares during the period. Vontier makes up 2.8% of Turtle Creek Asset Management Inc.’s investment portfolio, making the stock its 18th largest holding. Turtle Creek Asset Management Inc.’s holdings in Vontier were worth $75,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP raised its stake in Vontier by 212.9% in the third quarter. Allworth Financial LP now owns 948 shares of the company’s stock worth $40,000 after buying an additional 645 shares in the last quarter. Scarborough Advisors LLC bought a new stake in Vontier during the 1st quarter valued at approximately $57,000. Employees Retirement System of Texas bought a new stake in Vontier during the 3rd quarter valued at approximately $58,000. Clearstead Advisors LLC grew its holdings in shares of Vontier by 82.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,665 shares of the company’s stock worth $62,000 after acquiring an additional 754 shares during the period. Finally, Quarry LP grew its holdings in shares of Vontier by 5,897.1% during the 3rd quarter. Quarry LP now owns 2,099 shares of the company’s stock worth $88,000 after acquiring an additional 2,064 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

VNT stock opened at $32.27 on Thursday. 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 firm has a 50 day moving average price of $29.49 and a 200-day moving average price of $34.31. Vontier Corporation has a 52-week low of $27.25 and a 52-week high of $48.20. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.24 and a beta of 1.16.

Vontier (NYSE:VNT) last posted its quarterly 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). Vontier had a return on equity of 37.88% and a net margin of 13.37%.The company had revenue of $750.60 million during the quarter, compared to analysts’ expectations of $737.21 million. During the same quarter in the previous year, the company earned $0.77 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. 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 forecast that Vontier Corporation will post 3.39 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, June 4th. Vontier’s payout ratio is 3.53%.

Vontier declared that its board has initiated a stock repurchase program on Tuesday, May 19th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 25.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VNT. Weiss Ratings cut Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. KeyCorp reduced their price target on Vontier from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Wall Street Zen cut 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 research report on Friday, May 8th. Finally, Barclays lowered their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Six 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, the stock has a consensus rating of “Hold” and a consensus price target of $41.89.

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.