Norges Bank Takes $68.53 Million Position in Vontier Corporation $VNT

Norges Bank acquired a new position in shares of Vontier Corporation (NYSE:VNT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,843,092 shares of the company’s stock, valued at approximately $68,526,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Vontier by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 16,896,994 shares of the company’s stock valued at $709,167,000 after buying an additional 135,780 shares during the period. Franklin Resources Inc. raised its holdings in Vontier by 85.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,225,596 shares of the company’s stock valued at $219,318,000 after buying an additional 2,401,220 shares during the period. Corient Private Wealth LLC raised its holdings in Vontier by 104.6% in the 2nd quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock valued at $176,897,000 after buying an additional 2,450,723 shares during the period. Dimensional Fund Advisors LP raised its holdings in Vontier by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,982,770 shares of the company’s stock valued at $125,184,000 after buying an additional 108,390 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Vontier by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,662,699 shares of the company’s stock valued at $99,020,000 after buying an additional 16,587 shares during the period. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Price Performance

VNT opened at $28.19 on Friday. The stock’s 50-day moving average price is $32.92 and its 200 day moving average price is $36.20. Vontier Corporation has a 12-month low of $27.25 and a 12-month high of $48.20. The company has a current ratio of 1.23, a quick ratio of 0.90 and a debt-to-equity ratio of 1.26. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 1.06 and a beta of 1.16.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, May 7th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.02). Vontier had a return on equity of 37.88% and a net margin of 13.37%.The firm had revenue of $750.60 million for the quarter, compared to analyst estimates of $737.21 million. During the same period in the previous year, the company posted $0.77 EPS. Vontier’s revenue 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. As a group, sell-side analysts expect that Vontier Corporation will post 3.39 earnings per share for the current year.

Vontier declared that its board has initiated a stock buyback program on Tuesday, May 19th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 25.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid 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 presently 3.53%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VNT. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings lowered shares of Vontier from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Barclays reduced their price objective on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. KeyCorp reduced their price objective on shares of Vontier from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Vontier from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $42.38.

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.