Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem, announced today that its Board of Directors has approved an increase to its share repurchase authorization pursuant to which the Company may repurchase up to $1.0 billion of Vontier shares effective on May 19.
The program increases Vontier’s existing $500 million authorization approved April 30, 2025, under which there was approximately $165 million remaining as of May 15, 2026. Year-to-date, the Company has completed $105 million in share repurchases and expects to deploy a majority of its adjusted free cash flow in 2026 to further repurchases, including at least $125 million in the second quarter.
“The increase to our share repurchase authorization underscores the confidence we have in our strategy, and in our ability to deliver on our financial commitments,” said Mark Morelli, President and CEO of Vontier.
The Company also announced that its Board of Directors declared a regular quarterly cash dividend of $0.025 per share payable on June 25, to stockholders of record on June 4.
VNT shares kicked off Tuesday higher by 67 cents, or 2.4%, to $28.60.
