Truist Financial Corp Lowers Stake in Vontier Corporation $VNT

Truist Financial Corp reduced its holdings in shares of Vontier Corporation (NYSE:VNT - Free Report) by 39.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,429 shares of the company's stock after selling 159,213 shares during the period. Truist Financial Corp owned 0.17% of Vontier worth $9,130,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VNT. Brooklyn Investment Group lifted its position in Vontier by 586.2% during the 1st quarter. Brooklyn Investment Group now owns 844 shares of the company's stock valued at $28,000 after acquiring an additional 721 shares during the period. Olde Wealth Management LLC purchased a new position in Vontier during the 1st quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB lifted its position in Vontier by 75.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company's stock valued at $45,000 after acquiring an additional 529 shares during the period. Summit Securities Group LLC bought a new stake in Vontier during the 1st quarter valued at about $64,000. Finally, GAMMA Investing LLC raised its holdings in Vontier by 60.1% in the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock worth $73,000 after buying an additional 829 shares during the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VNT has been the subject of several recent analyst reports. Argus raised shares of Vontier from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a report on Tuesday, August 5th. Robert W. Baird lifted their target price on shares of Vontier from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. KeyCorp initiated coverage on shares of Vontier in a report on Thursday, August 21st. They issued an "overweight" rating and a $50.00 target price for the company. Evercore ISI reaffirmed an "outperform" rating on shares of Vontier in a report on Tuesday, August 19th. Finally, Barclays reaffirmed an "overweight" rating on shares of Vontier in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Vontier presently has an average rating of "Moderate Buy" and a consensus target price of $47.50.

Vontier Stock Performance

Shares of NYSE VNT opened at $41.41 on Monday. The firm has a 50 day moving average of $42.21 and a 200 day moving average of $37.40. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 1.37 and a beta of 1.30. Vontier Corporation has a 12-month low of $27.22 and a 12-month high of $43.88.

Vontier (NYSE:VNT - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The company had revenue of $773.50 million during the quarter, compared to analyst estimates of $734.23 million. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 earnings per share. Vontier has set its FY 2025 guidance at 3.100-3.200 EPS. Q3 2025 guidance at 0.740-0.780 EPS. On average, research analysts anticipate that Vontier Corporation will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, September 4th. Vontier's dividend payout ratio is presently 3.80%.

Vontier Company Profile

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.

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