Vontier Co. (NYSE:VNT) Shares Sold by Biltmore Wealth Management LLC

Biltmore Wealth Management LLC reduced its stake in shares of Vontier Co. (NYSE:VNT) by 15.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,286 shares of the company’s stock after selling 3,083 shares during the period. Biltmore Wealth Management LLC’s holdings in Vontier were worth $660,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Nordea Investment Management AB raised its holdings in Vontier by 83.7% in the 1st quarter. Nordea Investment Management AB now owns 209,648 shares of the company’s stock valued at $9,459,000 after acquiring an additional 95,549 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Vontier by 17.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company’s stock worth $4,941,000 after buying an additional 16,305 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Vontier by 71.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company’s stock worth $5,949,000 after buying an additional 71,515 shares during the last quarter. Corient Private Wealth LLC boosted its position in Vontier by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 2,289,016 shares of the company’s stock worth $79,086,000 after purchasing an additional 22,029 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Vontier by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,197,762 shares of the company’s stock worth $75,935,000 after purchasing an additional 178,560 shares during the period. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Price Performance

Shares of Vontier stock traded up $0.04 on Friday, hitting $33.44. The company had a trading volume of 792,029 shares, compared to its average volume of 765,767. The business has a 50-day simple moving average of $38.22 and a 200-day simple moving average of $39.93. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26. The company has a market cap of $5.14 billion, a PE ratio of 12.12, a PEG ratio of 1.44 and a beta of 1.29. Vontier Co. has a 52 week low of $28.84 and a 52 week high of $45.62.

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

Analysts Set New Price Targets

A number of research firms have weighed in on VNT. Robert W. Baird decreased their price objective on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barclays dropped their price objective on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and an average price target of $45.13.

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.