Biltmore Wealth Management LLC Has $648,000 Position in Vontier Co. (NYSE:VNT)

Biltmore Wealth Management LLC grew its holdings in Vontier Co. (NYSE:VNT) by 11.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,207 shares of the company’s stock after acquiring an additional 1,921 shares during the period. Biltmore Wealth Management LLC’s holdings in Vontier were worth $648,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VNT. Ritholtz Wealth Management boosted its holdings in Vontier by 3.3% in the 2nd quarter. Ritholtz Wealth Management now owns 13,129 shares of the company’s stock valued at $502,000 after purchasing an additional 420 shares during the period. Benjamin Edwards Inc. increased its position in Vontier by 6.2% in the 2nd quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company’s stock valued at $295,000 after acquiring an additional 448 shares in the last quarter. Creative Planning raised its stake in shares of Vontier by 2.8% in the second quarter. Creative Planning now owns 17,918 shares of the company’s stock worth $684,000 after acquiring an additional 491 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Vontier by 15.8% during the second quarter. Blue Trust Inc. now owns 3,761 shares of the company’s stock worth $144,000 after purchasing an additional 513 shares in the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of Vontier during the first quarter valued at approximately $27,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VNT has been the topic of several research reports. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Robert W. Baird cut their price objective on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Barclays lowered their target price on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Evercore ISI cut their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Vontier Trading Up 2.0 %

VNT stock traded up $0.66 during midday trading on Friday, hitting $33.69. 663,809 shares of the company’s stock were exchanged, compared to its average volume of 798,641. Vontier Co. has a one year low of $28.84 and a one year high of $45.62. The stock’s fifty day moving average price is $34.08 and its 200-day moving average price is $38.29. The company has a market cap of $5.18 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The business had revenue of $696.40 million for the quarter, compared to the consensus estimate of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. During the same period in the previous year, the company posted $0.67 earnings per share. Vontier’s revenue for the quarter was down 8.9% compared to the same quarter last year. Research analysts predict that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Thursday, September 5th. Vontier’s dividend payout ratio (DPR) is currently 3.62%.

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.