Vontier (NYSE:VNT) to Repurchase $1.00 billion in Outstanding Stock

Vontier (NYSE:VNT) declared that its board has initiated a share buyback plan on Tuesday, May 19th, RTT News reports. The company plans to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 25.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. KeyCorp cut their price objective 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. Citigroup cut their price objective 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. Barclays cut their price objective on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Wall Street Zen lowered shares of Vontier from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings lowered shares of Vontier from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vontier currently has a consensus rating of “Moderate Buy” and an average price target of $42.38.

Vontier Stock Down 0.7%

NYSE VNT traded down $0.20 on Tuesday, hitting $27.79. The stock had a trading volume of 3,058,517 shares, compared to its average volume of 2,024,510. The business’s fifty day moving average price is $34.94 and its 200 day moving average price is $36.99. 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 has a 52-week low of $27.74 and a 52-week high of $48.20. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24.

Vontier (NYSE:VNT) last released its quarterly earnings results 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 firm had revenue of $750.60 million during the quarter, compared to analysts’ expectations of $737.21 million. During the same period in the prior year, the firm posted $0.77 earnings per share. Vontier’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 will post 3.41 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 4th. Vontier’s payout ratio is currently 3.53%.

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.