Truist Financial Corp Has $8.15 Million Holdings in Vontier Corporation $VNT

Truist Financial Corp decreased its position in shares of Vontier Corporation (NYSE:VNT) by 21.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,152 shares of the company’s stock after selling 53,277 shares during the quarter. Truist Financial Corp’s holdings in Vontier were worth $8,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of VNT. Corient Private Wealth LLC grew its position in Vontier by 104.6% in the 2nd quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock valued at $176,897,000 after purchasing an additional 2,450,723 shares during the period. River Road Asset Management LLC raised its holdings in Vontier by 24.5% during the second quarter. River Road Asset Management LLC now owns 3,115,850 shares of the company’s stock worth $114,975,000 after buying an additional 613,746 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Vontier by 81.6% in the second quarter. Franklin Resources Inc. now owns 2,824,376 shares of the company’s stock valued at $104,219,000 after buying an additional 1,269,063 shares in the last quarter. Norges Bank acquired a new position in shares of Vontier during the second quarter valued at about $66,535,000. Finally, Russell Investments Group Ltd. increased its position in shares of Vontier by 0.5% during the second quarter. Russell Investments Group Ltd. now owns 1,557,456 shares of the company’s stock worth $57,470,000 after acquiring an additional 7,135 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VNT shares. Bank of America reaffirmed an “underperform” rating and issued a $40.00 price target (down previously from $50.00) on shares of Vontier in a research report on Friday, November 14th. Robert W. Baird dropped their target price on Vontier from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Barclays decreased their price target on Vontier from $49.00 to $47.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Vontier in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Vontier from a “buy” rating to a “hold” rating in a research report on Sunday. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.63.

Vontier Stock Up 0.1%

Shares of NYSE:VNT opened at $37.47 on Monday. Vontier Corporation has a 1 year low of $27.22 and a 1 year high of $43.88. The company has a market capitalization of $5.44 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28. The business has a fifty day moving average price of $37.26 and a two-hundred day moving average price of $39.52. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.18 and a quick ratio of 0.90.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. The business had revenue of $752.50 million for the quarter, compared to analyst estimates of $747.32 million. Vontier had a net margin of 13.34% and a return on equity of 40.49%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Analysts forecast that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th were paid a $0.025 dividend. The ex-dividend date was Thursday, November 20th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Vontier’s payout ratio is presently 3.66%.

About Vontier

Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.

The company’s diversified portfolio spans several well-known brands.