175,070 Shares in Vontier Corporation $VNT Purchased by Front Street Capital Management Inc.

Front Street Capital Management Inc. purchased a new position in shares of Vontier Corporation (NYSE:VNT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 175,070 shares of the company’s stock, valued at approximately $5,077,000. Vontier makes up 0.6% of Front Street Capital Management Inc.’s investment portfolio, making the stock its 28th biggest position.

Several other institutional investors also recently bought and sold shares of VNT. Sanctuary Advisors LLC purchased a new position in shares of Vontier during the 2nd quarter valued at approximately $225,000. Elevation Point Wealth Partners LLC purchased a new stake in Vontier in the 2nd quarter worth $224,000. Northwestern Mutual Wealth Management Co. acquired a new position in Vontier during the second quarter worth $251,000. Quantbot Technologies LP acquired a new position in Vontier during the second quarter worth $430,000. Finally, Evolve Private Wealth LLC purchased a new position in Vontier during the second quarter valued at $495,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VNT has been the topic of a number of research reports. Wall Street Zen lowered shares of Vontier from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Evercore set a $36.00 target price on Vontier in a report on Monday, May 11th. Robert W. Baird set a $39.00 target price on Vontier in a research report on Friday, August 7th. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Barclays dropped their price target on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.00.

Vontier Price Performance

Vontier stock opened at $33.20 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33. The company has a 50-day moving average price of $31.09 and a 200 day moving average price of $33.74. Vontier Corporation has a 12-month low of $27.25 and a 12-month high of $48.20. The stock has a market cap of $4.49 billion, a P/E ratio of 13.78, a PEG ratio of 1.13 and a beta of 1.15.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.09. The company had revenue of $756.70 million during the quarter, compared to analysts’ expectations of $747.12 million. Vontier had a return on equity of 38.57% and a net margin of 11.34%.The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 earnings per share. Vontier has set its FY 2026 guidance at 3.450-3.550 EPS and its Q3 2026 guidance at 0.820-0.860 EPS. Sell-side analysts anticipate that Vontier Corporation will post 3.49 earnings per share for the current year.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a $0.025 dividend. The ex-dividend date of this dividend 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 is presently 4.15%.

Vontier announced that its board has initiated a share repurchase plan on Tuesday, May 19th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 25.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.