Nordea Investment Management AB Boosts Holdings in Vontier Corporation $VNT

Nordea Investment Management AB increased its position in shares of Vontier Corporation (NYSE:VNT) by 45.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 261,430 shares of the company’s stock after purchasing an additional 81,692 shares during the quarter. Nordea Investment Management AB’s holdings in Vontier were worth $10,862,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in Vontier by 39.0% during the second quarter. Parkside Financial Bank & Trust now owns 973 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Vontier by 75.7% during the 2nd 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 period. Trust Co. of Toledo NA OH acquired a new stake in shares of Vontier during the 2nd quarter worth about $53,000. Steward Partners Investment Advisory LLC raised its holdings in Vontier by 29.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,505 shares of the company’s stock valued at $56,000 after buying an additional 338 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Vontier by 22.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,850 shares of the company’s stock valued at $78,000 after buying an additional 340 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on VNT. KeyCorp lowered their target price on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Robert W. Baird lowered their price objective on shares of Vontier from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Barclays cut their target price on Vontier from $49.00 to $47.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Vontier in a research report on Monday, December 29th. Finally, Bank of America reiterated an “underperform” rating and issued a $40.00 price objective (down previously from $50.00) on shares of Vontier in a report on Friday, November 14th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.63.

Vontier Stock Performance

NYSE:VNT opened at $37.91 on Friday. The company has a fifty day simple moving average of $36.96 and a two-hundred day simple moving average of $39.57. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.59 and a beta of 1.28. The company has a quick ratio of 0.90, a current ratio of 1.18 and a debt-to-equity ratio of 1.29. Vontier Corporation has a 52 week low of $27.22 and a 52 week high of $43.88.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. The business had revenue of $752.50 million for the quarter, compared to analysts’ expectations of $747.32 million. Vontier had a return on equity of 40.49% and a net margin of 13.34%.The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. Vontier has set its Q4 2025 guidance at 0.820-0.860 EPS and its FY 2025 guidance at 3.150-3.20 EPS. As a group, equities analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current fiscal year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, November 20th. Vontier’s dividend payout ratio (DPR) is presently 3.66%.

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.