Trust Co. of Toledo NA OH Invests $53,000 in Vontier Corporation $VNT

Trust Co. of Toledo NA OH bought a new position in shares of Vontier Corporation (NYSE:VNT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,423 shares of the company’s stock, valued at approximately $53,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of VNT. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Vontier by 13.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,760 shares of the company’s stock worth $247,000 after buying an additional 801 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Vontier by 14.3% during the first quarter. Park Avenue Securities LLC now owns 10,297 shares of the company’s stock worth $338,000 after buying an additional 1,286 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Vontier by 60.1% during the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company’s stock worth $73,000 after buying an additional 829 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Vontier during the first quarter worth $484,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Vontier by 28.7% during the first quarter. Fifth Third Bancorp now owns 3,187 shares of the company’s stock worth $105,000 after buying an additional 711 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VNT. UBS Group lifted their target price on Vontier from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vontier in a research note on Wednesday, October 8th. Wall Street Zen raised Vontier from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. KeyCorp started coverage on Vontier in a research note on Thursday, August 21st. They issued an “overweight” rating and a $50.00 price target for the company. Finally, Citigroup reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $37.00) on shares of Vontier in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Vontier currently has an average rating of “Moderate Buy” and an average price target of $47.50.

Vontier Stock Performance

Vontier stock opened at $38.55 on Tuesday. Vontier Corporation has a 12-month low of $27.22 and a 12-month 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. The business’s 50-day moving average price is $42.10 and its two-hundred day moving average price is $37.63. The stock has a market cap of $5.66 billion, a PE ratio of 14.66, a P/E/G ratio of 1.27 and a beta of 1.30.

Vontier (NYSE:VNT) last released its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $773.50 million for the quarter, compared to analysts’ expectations of $734.23 million. Vontier had a return on equity of 41.96% and a net margin of 12.99%.The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. As a group, analysts expect that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 4th. Vontier’s payout ratio is 3.80%.

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.