Hsbc Holdings PLC Sells 16,720 Shares of Vontier Corporation $VNT

Hsbc Holdings PLC reduced its stake in Vontier Corporation (NYSE:VNT) by 61.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 10,343 shares of the company’s stock after selling 16,720 shares during the quarter. Hsbc Holdings PLC’s holdings in Vontier were worth $365,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Employees Retirement System of Texas bought a new stake in Vontier in the third quarter worth about $58,000. Clearstead Advisors LLC grew its position in shares of Vontier by 82.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,665 shares of the company’s stock valued at $62,000 after acquiring an additional 754 shares during the period. Quarry LP grew its position in shares of Vontier by 5,897.1% during the 3rd quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $88,000 after acquiring an additional 2,064 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Vontier by 152.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company’s stock worth $98,000 after purchasing an additional 1,591 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of Vontier by 3,928.6% during the 4th quarter. Global Retirement Partners LLC now owns 3,384 shares of the company’s stock worth $126,000 after purchasing an additional 3,300 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

Vontier Stock Performance

NYSE VNT opened at $32.18 on Friday. The company’s 50 day moving average is $29.60 and its 200-day moving average is $34.25. Vontier Corporation has a 12-month low of $27.25 and a 12-month high of $48.20. The company has a quick ratio of 0.90, a current ratio of 1.23 and a debt-to-equity ratio of 1.26. The firm has a market cap of $4.53 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 1.21 and a beta of 1.16.

Vontier (NYSE:VNT) last announced its quarterly 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). Vontier had a net margin of 13.37% and a return on equity of 37.88%. The business had revenue of $750.60 million for the quarter, compared to analysts’ expectations of $737.21 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The business’s quarterly revenue 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. Sell-side analysts predict that Vontier Corporation will post 3.39 earnings per share for the current year.

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

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 given a dividend of $0.025 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Vontier’s dividend payout ratio is currently 3.53%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VNT shares. Argus cut 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 price objective on Vontier in a report on Friday, May 8th. Evercore set a $36.00 target price on Vontier in a research report on Monday, May 11th. KeyCorp lowered their target price on Vontier from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Finally, Weiss Ratings cut Vontier from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $41.89.

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.