Inspire Investing LLC Purchases 6,768 Shares of Vontier Co. (NYSE:VNT)

Inspire Investing LLC grew its position in Vontier Co. (NYSE:VNT) by 17.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 45,120 shares of the company’s stock after acquiring an additional 6,768 shares during the period. Inspire Investing LLC’s holdings in Vontier were worth $2,047,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of VNT. Citigroup Inc. lifted its stake in shares of Vontier by 1.8% in the 3rd quarter. Citigroup Inc. now owns 27,747 shares of the company’s stock valued at $858,000 after acquiring an additional 494 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Vontier by 89.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company’s stock valued at $1,678,000 after purchasing an additional 25,632 shares during the period. Vanguard Group Inc. increased its holdings in Vontier by 1.6% in the third quarter. Vanguard Group Inc. now owns 16,477,275 shares of the company’s stock valued at $509,477,000 after purchasing an additional 264,884 shares during the period. Anchor Investment Management LLC acquired a new stake in Vontier in the fourth quarter valued at $210,000. Finally, Banyan Capital Management Inc. increased its holdings in Vontier by 0.3% in the fourth quarter. Banyan Capital Management Inc. now owns 400,718 shares of the company’s stock valued at $13,845,000 after purchasing an additional 1,100 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VNT. Argus increased their price objective on Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 18th. Citigroup increased their price objective on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Vontier has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Vontier Trading Up 1.8 %

Vontier stock traded up $0.71 during trading hours on Tuesday, reaching $41.18. 151,572 shares of the company’s stock were exchanged, compared to its average volume of 731,084. The company has a quick ratio of 1.23, a current ratio of 1.57 and a debt-to-equity ratio of 2.21. The firm’s 50 day simple moving average is $39.32 and its 200 day simple moving average is $39.54. Vontier Co. has a twelve month low of $28.84 and a twelve month high of $45.62. The firm has a market capitalization of $6.36 billion, a PE ratio of 14.66, a PEG ratio of 1.16 and a beta of 1.29.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $755.80 million for the quarter, compared to analysts’ expectations of $754.50 million. Vontier had a net margin of 14.02% and a return on equity of 54.84%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. Research analysts predict that Vontier Co. will post 3.15 earnings per share for the current year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 6th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.24%. Vontier’s dividend payout ratio (DPR) is presently 3.62%.

Vontier 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.