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

Truist Financial Corp raised its stake in shares of Vontier Co. (NYSE:VNT) by 5.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,415,317 shares of the company’s stock after buying an additional 72,787 shares during the period. Truist Financial Corp owned about 0.94% of Vontier worth $51,617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Geode Capital Management LLC raised its position in Vontier by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock valued at $86,776,000 after acquiring an additional 18,091 shares in the last quarter. River Road Asset Management LLC increased its holdings in shares of Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after purchasing an additional 415,750 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Vontier by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company’s stock valued at $49,766,000 after purchasing an additional 42,357 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Vontier by 11.2% in the third quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company’s stock worth $44,246,000 after acquiring an additional 132,312 shares during the period. Finally, Royce & Associates LP boosted its position in Vontier by 7.2% during the third quarter. Royce & Associates LP now owns 1,222,833 shares of the company’s stock worth $41,258,000 after purchasing an additional 81,981 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Trading Up 2.4 %

Shares of VNT stock opened at $39.32 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier Co. has a fifty-two week low of $31.22 and a fifty-two week high of $45.62. The stock has a market cap of $5.91 billion, a P/E ratio of 15.06, a P/E/G ratio of 1.75 and a beta of 1.26. The business has a fifty day simple moving average of $37.69 and a 200-day simple moving average of $36.14.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company had revenue of $776.80 million for the quarter. On average, analysts forecast that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VNT. UBS Group began coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target on the stock. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research report on Thursday, December 12th. Barclays upped their price objective on Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Citigroup reduced their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.75.

About Vontier

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.