Truist Financial Corp Lowers Position in Vontier Co. (NYSE:VNT)

Truist Financial Corp cut its holdings in Vontier Co. (NYSE:VNTGet Rating) by 23.6% in the first quarter, Holdings Channel reports. The fund owned 41,067 shares of the company’s stock after selling 12,705 shares during the quarter. Truist Financial Corp’s holdings in Vontier were worth $1,043,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VNT. Retirement Systems of Alabama lifted its stake in Vontier by 1.2% in the fourth quarter. Retirement Systems of Alabama now owns 221,380 shares of the company’s stock worth $6,803,000 after acquiring an additional 2,655 shares during the period. National Bank of Canada FI purchased a new stake in Vontier in the fourth quarter worth about $1,771,000. New York State Teachers Retirement System lifted its stake in Vontier by 21.1% in the fourth quarter. New York State Teachers Retirement System now owns 194,821 shares of the company’s stock worth $5,987,000 after acquiring an additional 33,959 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in Vontier by 39.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 9,952 shares of the company’s stock worth $306,000 after acquiring an additional 2,825 shares during the period. Finally, John G Ullman & Associates Inc. purchased a new stake in shares of Vontier during the fourth quarter valued at about $1,632,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Vontier Stock Performance

VNT opened at $24.21 on Friday. Vontier Co. has a 52-week low of $21.16 and a 52-week high of $37.08. The company has a quick ratio of 1.10, a current ratio of 1.48 and a debt-to-equity ratio of 4.68. The company has a market cap of $3.90 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96. The firm’s 50-day moving average price is $24.57 and its 200-day moving average price is $25.57.

Vontier (NYSE:VNTGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. Vontier had a net margin of 18.88% and a return on equity of 102.18%. The firm had revenue of $748.10 million for the quarter, compared to the consensus estimate of $738.84 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Vontier Co. will post 3.23 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, June 2nd were issued a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.10 annualized dividend and a yield of 0.41%. Vontier’s dividend payout ratio (DPR) is presently 2.95%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays decreased their price target on shares of Vontier from $39.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. The Goldman Sachs Group decreased their price target on shares of Vontier from $31.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, June 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.50.

About Vontier

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Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment.

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Institutional Ownership by Quarter for Vontier (NYSE:VNT)

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