Public Employees Retirement System of Ohio Acquires New Position in Vontier Corporation $VNT

Public Employees Retirement System of Ohio bought a new position in Vontier Corporation (NYSE:VNT) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 42,624 shares of the company’s stock, valued at approximately $1,236,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Employees Retirement System of Texas purchased a new stake in shares of Vontier in the third quarter valued at approximately $58,000. Scarborough Advisors LLC purchased a new position in Vontier during the first quarter worth approximately $57,000. Clearstead Advisors LLC boosted its stake in Vontier by 82.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,665 shares of the company’s stock worth $62,000 after buying an additional 754 shares during the last quarter. Quarry LP boosted its stake in Vontier by 5,897.1% during the third quarter. Quarry LP now owns 2,099 shares of the company’s stock worth $88,000 after buying an additional 2,064 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Vontier by 152.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company’s stock valued at $98,000 after buying an additional 1,591 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Price Performance

NYSE:VNT opened at $32.61 on Wednesday. Vontier Corporation has a 52 week low of $27.25 and a 52 week high of $48.20. The stock’s fifty day moving average is $31.77 and its two-hundred day moving average is $33.08. The company has a market capitalization of $4.41 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.14 and a beta of 1.13. The company has a quick ratio of 0.94, a current ratio of 1.25 and a debt-to-equity ratio of 1.33.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.89 earnings per share (EPS) 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 the consensus estimate of $747.12 million. During the same period last year, the company earned $0.79 EPS. The company’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. Equities analysts expect that Vontier Corporation will post 3.49 EPS for the current year.

Vontier announced that its board has initiated a stock buyback plan on Tuesday, May 19th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 25.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Vontier Announces Dividend

The company 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 dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, September 3rd. Vontier’s dividend payout ratio is 4.15%.

Analysts Set New Price Targets

A number of brokerages have issued reports on VNT. Wolfe Research reaffirmed an “outperform” rating and issued a $43.00 target price on shares of Vontier in a research note on Thursday, July 9th. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings raised shares of Vontier from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Robert W. Baird set a $39.00 target price on shares of Vontier in a report on Friday, August 7th. Finally, KeyCorp increased their price target on shares of Vontier from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Four investment 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. According to MarketBeat.com, Vontier has an average 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.