Thrivent Financial for Lutherans Sells 19,626 Shares of Vontier Corporation $VNT

Thrivent Financial for Lutherans reduced its holdings in Vontier Corporation (NYSE:VNT) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 309,412 shares of the company’s stock after selling 19,626 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vontier were worth $11,504,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allworth Financial LP increased its holdings in shares of Vontier by 212.9% in the third quarter. Allworth Financial LP now owns 948 shares of the company’s stock worth $40,000 after acquiring an additional 645 shares in the last quarter. Employees Retirement System of Texas bought a new stake in shares of Vontier in the third quarter worth about $58,000. Quarry LP increased its holdings in shares of Vontier by 5,897.1% in the third quarter. Quarry LP now owns 2,099 shares of the company’s stock worth $88,000 after acquiring an additional 2,064 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Vontier by 12.7% during the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the company’s stock worth $100,000 after buying an additional 304 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Vontier by 7.7% during the second quarter. Lazard Asset Management LLC now owns 3,534 shares of the company’s stock worth $129,000 after buying an additional 253 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VNT has been the subject of several recent research reports. Weiss Ratings cut Vontier from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Barclays reduced their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Evercore set a $36.00 price objective on Vontier in a research report on Monday, May 11th. Robert W. Baird set a $37.00 price objective on Vontier in a research report on Friday, May 8th. Finally, KeyCorp reduced their price objective on Vontier from $50.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.38.

Vontier Stock Down 0.7%

VNT stock opened at $27.79 on Wednesday. The business has a 50-day moving average of $34.94 and a 200-day moving average of $36.99. Vontier Corporation has a fifty-two week low of $27.74 and a fifty-two week high of $48.20. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.23 and a quick ratio of 0.90. The stock has a market capitalization of $3.91 billion, a P/E ratio of 9.82, a P/E/G ratio of 1.08 and a beta of 1.24.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.02). Vontier had a net margin of 13.37% and a return on equity of 37.88%. The company had revenue of $750.60 million for the quarter, compared to analyst estimates of $737.21 million. During the same period last year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Vontier has set its FY 2026 guidance at 3.350-3.500 EPS and its Q2 2026 guidance at 0.780-0.810 EPS. On average, sell-side analysts anticipate that Vontier Corporation will post 3.41 earnings per share for the current fiscal year.

Vontier announced that its Board of Directors has approved a share repurchase plan on Tuesday, May 19th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 25.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.10 annualized dividend and a yield of 0.4%. Vontier’s dividend payout ratio is 3.53%.

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.