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

Truist Financial Corp trimmed its position in Vontier Co. (NYSE:VNTGet Rating) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,420 shares of the company’s stock after selling 1,022 shares during the quarter. Truist Financial Corp’s holdings in Vontier were worth $642,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Epiq Partners LLC increased its position in shares of Vontier by 1.3% in the third quarter. Epiq Partners LLC now owns 64,475 shares of the company’s stock worth $1,077,000 after purchasing an additional 802 shares during the last quarter. Janiczek Wealth Management LLC increased its position in shares of Vontier by 256.3% in the second quarter. Janiczek Wealth Management LLC now owns 1,158 shares of the company’s stock worth $30,000 after purchasing an additional 833 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Vontier by 0.9% in the first quarter. Yousif Capital Management LLC now owns 89,875 shares of the company’s stock worth $2,282,000 after purchasing an additional 836 shares during the last quarter. Intercontinental Wealth Advisors LLC increased its position in shares of Vontier by 9.5% in the second quarter. Intercontinental Wealth Advisors LLC now owns 10,232 shares of the company’s stock worth $235,000 after purchasing an additional 884 shares during the last quarter. Finally, Xponance Inc. increased its position in shares of Vontier by 3.5% in the second quarter. Xponance Inc. now owns 29,263 shares of the company’s stock worth $673,000 after purchasing an additional 989 shares during the last quarter. 92.48% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Mark D. Morelli acquired 2,000 shares of the stock in a transaction dated Friday, November 4th. The stock was purchased at an average cost of $17.42 per share, with a total value of $34,840.00. Following the completion of the purchase, the chief executive officer now owns 346,424 shares in the company, valued at approximately $6,034,706.08. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Kathryn K. Rowen purchased 1,500 shares of Vontier stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $17.44 per share, for a total transaction of $26,160.00. Following the completion of the transaction, the senior vice president now directly owns 79,259 shares of the company’s stock, valued at $1,382,276.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark D. Morelli purchased 2,000 shares of Vontier stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $17.42 per share, for a total transaction of $34,840.00. Following the transaction, the chief executive officer now directly owns 346,424 shares of the company’s stock, valued at $6,034,706.08. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Vontier Price Performance

VNT stock opened at $21.63 on Monday. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 3.50 and a beta of 1.26. The firm’s 50-day moving average price is $19.75 and its two-hundred day moving average price is $20.54. The company has a current ratio of 1.53, a quick ratio of 1.10 and a debt-to-equity ratio of 5.27. Vontier Co. has a 12-month low of $16.55 and a 12-month high of $28.84.

Vontier (NYSE:VNTGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). The firm had revenue of $788.00 million for the quarter, compared to the consensus estimate of $812.46 million. Vontier had a net margin of 14.38% and a return on equity of 95.70%. As a group, equities analysts predict that Vontier Co. will post 3.08 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 1st were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Wednesday, November 30th. Vontier’s dividend payout ratio (DPR) is 3.72%.

Analyst Ratings Changes

VNT has been the topic of several research analyst reports. Barclays decreased their price objective on shares of Vontier from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, October 3rd. Citigroup reduced their price target on shares of Vontier from $29.00 to $23.00 in a research report on Monday, October 10th. Wolfe Research cut shares of Vontier from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 1st. The Goldman Sachs Group reduced their price target on shares of Vontier from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, November 4th. Finally, Bank of America cut shares of Vontier from a “buy” rating to a “neutral” rating and reduced their price target for the company from $30.00 to $21.00 in a research report on Monday, December 12th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vontier has an average rating of “Hold” and an average target price of $25.14.

Vontier Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Vontier (NYSE:VNT)

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