Vontier Corporation $VNT Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. lifted its holdings in Vontier Corporation (NYSE:VNT) by 21.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 776,603 shares of the company’s stock after purchasing an additional 137,750 shares during the period. Bessemer Group Inc.’s holdings in Vontier were worth $27,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new position in Vontier during the first quarter worth approximately $3,017,000. Illinois Municipal Retirement Fund grew its holdings in Vontier by 42.4% in the first quarter. Illinois Municipal Retirement Fund now owns 98,780 shares of the company’s stock valued at $3,504,000 after purchasing an additional 29,412 shares during the period. Hillsdale Investment Management Inc. increased its position in shares of Vontier by 6.4% in the first quarter. Hillsdale Investment Management Inc. now owns 78,400 shares of the company’s stock valued at $2,781,000 after buying an additional 4,700 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Vontier by 1.4% in the first quarter. Principal Financial Group Inc. now owns 316,416 shares of the company’s stock valued at $11,223,000 after buying an additional 4,237 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Vontier by 7,840.2% during the 1st quarter. Fifth Third Bancorp now owns 166,744 shares of the company’s stock worth $5,914,000 after buying an additional 164,644 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

VNT has been the topic of a number of recent analyst reports. Wall Street Zen lowered Vontier from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Barclays cut their price target on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Citigroup reduced their price objective on shares of Vontier from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Weiss Ratings downgraded shares of Vontier from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Finally, Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.89.

Vontier Price Performance

Shares of Vontier stock opened at $30.39 on Friday. The business has a 50 day simple moving average of $29.11 and a two-hundred day simple moving average of $34.72. Vontier Corporation has a 12 month low of $27.25 and a 12 month high of $48.20. The stock has a market capitalization of $4.28 billion, a P/E ratio of 10.74, a PEG ratio of 1.15 and a beta of 1.16. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.23 and a quick ratio of 0.90.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.02). The firm had revenue of $750.60 million during the quarter, compared to analyst estimates of $737.21 million. Vontier had a return on equity of 37.88% and a net margin of 13.37%.The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share. 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, analysts predict that Vontier Corporation will post 3.39 EPS for the current fiscal year.

Vontier announced that its board has initiated a share buyback program on Tuesday, May 19th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 25.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were issued a $0.025 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Vontier’s dividend payout ratio (DPR) is presently 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.