Here's Why Vontier Shares Are Trading Higher Today

February 22, 2022 1:38 PM | 1 min read |

Vontier Corp VNT forged a $250 million accelerated share repurchase agreement with Citibank, N.A.
Vontier will acquire the shares under a previously approved $500 million share repurchase authorization announced in May 2021.
Vontier will likely have $250 million remaining under its current repurchase authorization following the ASR.
The company intends to continue repurchases later in the year.
Vontier held $572.6 million in cash and equivalents as of December 31. It generated $481.1 million in operating cash flow during the year.
Price Action: VNT shares traded higher by 3.06% at $25.23 on the last check Tuesday.