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

Truist Financial Corp trimmed its stake in Vontier Co. (NYSE:VNTGet Rating) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,420 shares of the company’s stock after selling 1,022 shares during the period. Truist Financial Corp’s holdings in Vontier were worth $642,000 as of its most recent SEC filing.

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.

Analyst Ratings Changes

VNT has been the topic of several research analyst reports. Citigroup decreased their price objective on shares of Vontier from $29.00 to $23.00 in a research report on Monday, October 10th. Barclays reduced their price target 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. Credit Suisse Group initiated coverage on shares of Vontier in a research report on Monday, December 12th. They set a “neutral” rating and a $21.00 price target on the stock. 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. Finally, Wolfe Research cut shares of Vontier from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 1st. 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 Stock Performance

Shares of NYSE:VNT opened at $21.63 on Monday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 3.50 and a beta of 1.26. The company has a 50-day moving average price of $19.75 and a 200-day moving average price of $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 anticipate that Vontier Co. will post 3.08 EPS for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Thursday, December 1st were given 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 of this dividend was Wednesday, November 30th. Vontier’s dividend payout ratio is currently 3.72%.

Insider Activity at Vontier

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. In related news, 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 completion of the transaction, the chief executive officer now directly owns 346,424 shares of the company’s stock, valued at $6,034,706.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the senior vice president now directly owns 79,259 shares of the company’s stock, valued at $1,382,276.96. The disclosure for this purchase can be found here. 0.33% of the stock is owned by corporate insiders.

Vontier Company Profile

(Get Rating)

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

Want to see what other hedge funds are holding VNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vontier Co. (NYSE:VNTGet Rating).

Institutional Ownership by Quarter for Vontier (NYSE:VNT)

Receive News & Ratings for Vontier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vontier and related companies with MarketBeat.com's FREE daily email newsletter.