Wellington Management Group LLP Makes New $20.93 Million Investment in Vontier Corporation $VNT

Wellington Management Group LLP bought a new stake in Vontier Corporation (NYSE:VNT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 721,900 shares of the company’s stock, valued at approximately $20,935,000. Wellington Management Group LLP owned approximately 0.53% of Vontier as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Vontier during the 2nd quarter worth $388,315,000. Franklin Resources Inc. boosted its stake in Vontier by 11.1% in the fourth quarter. Franklin Resources Inc. now owns 5,803,510 shares of the company’s stock valued at $215,774,000 after buying an additional 577,914 shares in the last quarter. Corient Private Wealth LLC grew its position in Vontier by 104.6% in the second quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock valued at $176,897,000 after acquiring an additional 2,450,723 shares during the last quarter. Boston Partners bought a new position in Vontier in the fourth quarter valued at about $132,438,000. Finally, River Road Asset Management LLC raised its stake in Vontier by 6.7% during the fourth quarter. River Road Asset Management LLC now owns 3,298,671 shares of the company’s stock worth $122,645,000 after acquiring an additional 206,157 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

Vontier stock opened at $33.19 on Monday. The stock has a 50-day moving average price of $31.61 and a two-hundred day moving average price of $33.19. Vontier Corporation has a 12 month low of $27.25 and a 12 month high of $48.20. The company has a market capitalization of $4.49 billion, a PE ratio of 13.77, a P/E/G ratio of 1.14 and a beta of 1.13. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.09. The company had revenue of $756.70 million for the quarter, compared to analysts’ expectations of $747.12 million. Vontier had a return on equity of 38.57% and a net margin of 11.34%.The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 earnings per share. Vontier has set its FY 2026 guidance at 3.450-3.550 EPS and its Q3 2026 guidance at 0.820-0.860 EPS. Analysts expect that Vontier Corporation will post 3.49 EPS for the current year.

Vontier declared that its Board of Directors has approved a share repurchase program on Tuesday, May 19th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 25.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, September 3rd. Vontier’s dividend payout ratio is 4.15%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VNT. Weiss Ratings raised shares of Vontier from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Robert W. Baird set a $39.00 price target on shares of Vontier in a report on Friday, August 7th. KeyCorp upped their price objective on shares of Vontier from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wolfe Research reissued an “outperform” rating and issued a $43.00 price objective on shares of Vontier in a research note on Thursday, July 9th. Finally, Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Vontier has a consensus rating of “Hold” and an average price target of $41.00.

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.