New York State Teachers Retirement System Sells 407 Shares of Vontier Corporation $VNT

New York State Teachers Retirement System trimmed its stake in shares of Vontier Corporation (NYSE:VNT) by 0.2% in the second quarter, HoldingsChannel reports. The firm owned 175,223 shares of the company’s stock after selling 407 shares during the quarter. New York State Teachers Retirement System’s holdings in Vontier were worth $6,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Klein Pavlis & Peasley Financial Inc. boosted its position in Vontier by 0.8% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 37,000 shares of the company’s stock worth $1,218,000 after purchasing an additional 300 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Vontier by 3.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 9,287 shares of the company’s stock worth $301,000 after purchasing an additional 337 shares during the period. Redwood Investment Management LLC boosted its position in shares of Vontier by 1.1% in the first quarter. Redwood Investment Management LLC now owns 39,721 shares of the company’s stock valued at $1,305,000 after acquiring an additional 451 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Vontier by 75.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company’s stock valued at $45,000 after acquiring an additional 529 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Vontier by 14.9% in the first quarter. Blue Trust Inc. now owns 4,437 shares of the company’s stock valued at $146,000 after acquiring an additional 574 shares during the period. 95.83% of the stock is owned by institutional investors.

Vontier Stock Up 2.8%

VNT stock opened at $42.57 on Monday. The company has a market cap of $6.24 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30. The business has a 50-day simple moving average of $42.12 and a 200 day simple moving average of $37.87. Vontier Corporation has a 52 week low of $27.22 and a 52 week high of $43.88. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $773.50 million during the quarter, compared to the consensus estimate of $734.23 million. Vontier had a return on equity of 41.96% and a net margin of 12.99%.Vontier’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Vontier has set its FY 2025 guidance at 3.100-3.200 EPS. Q3 2025 guidance at 0.740-0.780 EPS. Sell-side analysts anticipate that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.10 annualized dividend and a yield of 0.2%. Vontier’s payout ratio is presently 3.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating on shares of Vontier in a research report on Thursday, July 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Vontier in a research report on Wednesday, October 8th. Argus raised shares of Vontier from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Tuesday, August 5th. Robert W. Baird boosted their target price on shares of Vontier from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Barclays reissued an “overweight” rating on shares of Vontier in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.

About Vontier

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.