Truist Financial Corp Buys 72,787 Shares of Vontier Co. (NYSE:VNT)

Truist Financial Corp increased its position in Vontier Co. (NYSE:VNT - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,415,317 shares of the company's stock after purchasing 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 reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VNT. Covestor Ltd lifted its holdings in shares of Vontier by 37.1% in the third quarter. Covestor Ltd now owns 1,461 shares of the company's stock valued at $49,000 after purchasing an additional 395 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in Vontier by 9.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company's stock worth $154,000 after acquiring an additional 404 shares in the last quarter. Blue Trust Inc. boosted its position in Vontier by 10.9% during the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company's stock worth $141,000 after acquiring an additional 410 shares during the period. Global X Japan Co. Ltd. grew its stake in Vontier by 137.7% during the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock valued at $27,000 after acquiring an additional 431 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in Vontier by 12.5% during the 3rd quarter. National Bank of Canada FI now owns 4,345 shares of the company's stock valued at $147,000 after acquiring an additional 482 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group initiated coverage on shares of Vontier in a research report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price target for the company. Robert W. Baird lifted their target price on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Tuesday. Barclays boosted their price target on shares of Vontier from $45.00 to $46.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Wolfe Research upgraded Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a report on Thursday, December 12th. Finally, Citigroup lowered their target price on Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Vontier currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.43.

Vontier Stock Down 2.2 %

NYSE:VNT traded down $0.87 during trading hours on Friday, reaching $37.76. The company's stock had a trading volume of 1,645,229 shares, compared to its average volume of 769,413. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.26. The business's 50-day moving average is $37.67 and its 200-day moving average is $36.27. Vontier Co. has a one year low of $31.22 and a one year high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. The business had revenue of $776.80 million for the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. Equities research analysts predict that Vontier Co. will post 3.13 EPS for the current year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. Vontier's payout ratio is presently 3.64%.

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.