Inspire Investing LLC Boosts Holdings in Vontier Co. (NYSE:VNT)

Inspire Investing LLC increased its stake in shares of Vontier Co. (NYSE:VNT) by 19.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,108 shares of the company’s stock after buying an additional 8,988 shares during the period. Inspire Investing LLC’s holdings in Vontier were worth $2,067,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new position in shares of Vontier in the first quarter worth about $27,000. Opal Wealth Advisors LLC purchased a new position in shares of Vontier in the first quarter worth about $30,000. Riverview Trust Co purchased a new position in shares of Vontier in the first quarter worth about $33,000. ORG Partners LLC purchased a new position in shares of Vontier in the first quarter worth about $35,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Vontier in the second quarter worth about $44,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Trading Down 0.7 %

Shares of VNT opened at $33.22 on Thursday. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.47 and a beta of 1.28. 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 Co. has a fifty-two week low of $28.84 and a fifty-two week high of $45.62. The firm has a 50 day moving average price of $35.49 and a 200-day moving average price of $39.01.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The business had revenue of $696.40 million during 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%. The company’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. As a group, equities research analysts forecast that Vontier Co. will post 2.88 earnings per share for the current year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, September 5th. Vontier’s payout ratio is 3.62%.

Analysts Set New Price Targets

Several equities analysts recently commented on VNT shares. Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Evercore ISI dropped their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Barclays dropped their target price on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Robert W. Baird dropped their target price 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

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.