Man Group plc Takes $1.48 Million Position in Vontier Corporation $VNT

Man Group plc purchased a new position in Vontier Corporation (NYSE:VNT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 51,099 shares of the company’s stock, valued at approximately $1,482,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VNT. Jupiter Topco LLC bought a new position in Vontier in the second quarter worth approximately $41,904,000. Stanley Capital Management LLC bought a new stake in Vontier during the 2nd quarter valued at $15,544,000. Ancora Advisors LLC bought a new stake in Vontier during the 2nd quarter valued at $15,654,000. Palisade Capital Management LP purchased a new position in shares of Vontier in the 2nd quarter valued at $10,945,000. Finally, Legal & General Group Plc purchased a new position in shares of Vontier in the 2nd quarter valued at $5,603,000. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Performance

Shares of VNT stock opened at $32.53 on Thursday. The business’s fifty day simple moving average is $31.49 and its 200-day simple moving average is $33.31. The company has a market cap of $4.40 billion, a PE ratio of 13.50, a PEG ratio of 1.09 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 Corporation has a 12-month low of $27.25 and a 12-month high of $48.20.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Vontier had a return on equity of 38.57% and a net margin of 11.34%.The firm had revenue of $756.70 million during the quarter, compared to analysts’ expectations of $747.12 million. During the same quarter last year, the firm earned $0.79 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Vontier announced that its Board of Directors has authorized a share buyback 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 typically a sign 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 paid a $0.025 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Vontier’s dividend payout ratio (DPR) is 4.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VNT. Robert W. Baird set a $39.00 price objective on Vontier in a research note on Friday, August 7th. Barclays cut their target price on Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. KeyCorp boosted their target price on shares of Vontier from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Wolfe Research reissued an “outperform” rating and set a $43.00 price target on shares of Vontier in a research report on Thursday, July 9th. Finally, Weiss Ratings cut shares of Vontier from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vontier presently has a consensus rating of “Hold” and a consensus price target of $41.00.

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.