Heron Bay Capital Management Raises Position in Vontier Corporation $VNT

Heron Bay Capital Management increased its stake in Vontier Corporation by 11.9% during the 2nd quarter, now owning 847,960 shares worth $31.29 million. Vontier is the largest position in Heron Bay's portfolio, accounting for 6.2%. Other hedge funds also adjusted their stakes in Vontier. Vontier's stock opened at $34.90, with a market cap of $5.06 billion. The company reported Q3 earnings of $0.78 per share and announced a quarterly dividend of $0.025. Analysts have a consensus rating of 'Moderate Buy' with a price target of $45.89.

Heron Bay Capital Management increased its stake in Vontier Corporation (NYSE:VNT - Free Report) by 11.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 847,960 shares of the company's stock after purchasing an additional 90,247 shares during the quarter. Vontier accounts for 6.2% of Heron Bay Capital Management's portfolio, making the stock its largest position. Heron Bay Capital Management owned about 0.58% of Vontier worth $31,290,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group boosted its stake in shares of Vontier by 586.2% in the 1st quarter. Brooklyn Investment Group now owns 844 shares of the company's stock worth $28,000 after buying an additional 721 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Vontier by 39.0% in the second quarter. Parkside Financial Bank & Trust now owns 973 shares of the company's stock valued at $36,000 after acquiring an additional 273 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Vontier by 75.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company's stock worth $45,000 after purchasing an additional 529 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in Vontier in the second quarter worth about $53,000. Finally, Summit Securities Group LLC bought a new stake in shares of Vontier during the 1st quarter valued at about $64,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Stock Up 2.8%

Shares of VNT stock opened at $34.90 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.18 and a quick ratio of 0.90. Vontier Corporation has a one year low of $27.22 and a one year high of $43.88. The company's fifty day moving average price is $40.05 and its 200-day moving average price is $39.23. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.48 and a beta of 1.29.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, October 30th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $752.50 million during the quarter, compared to the consensus estimate of $747.32 million. Vontier had a net margin of 13.34% and a return on equity of 40.49%. Vontier's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. Vontier has set its Q4 2025 guidance at 0.820-0.860 EPS. FY 2025 guidance at 3.150-3.20 EPS. Sell-side analysts expect that Vontier Corporation will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Vontier's payout ratio is currently 3.66%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VNT. Robert W. Baird dropped their price objective on shares of Vontier from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, November 3rd. Argus upgraded shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 price target on the stock in a research report on Tuesday, August 5th. The Goldman Sachs Group reissued a "neutral" rating on shares of Vontier in a research report on Thursday, July 31st. Evercore ISI restated an "outperform" rating on shares of Vontier in a research note on Tuesday, August 19th. Finally, UBS Group lifted their target price on Vontier from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $45.89.

Read Our Latest Report on VNT

About Vontier

(Free Report)

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.

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