Biltmore Wealth Management LLC Cuts Stock Position in Vontier Co. (NYSE:VNT)

Biltmore Wealth Management LLC lessened its stake in shares of Vontier Co. (NYSE:VNT) by 15.1% in the 2nd quarter, according to its most recent Form 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 quarter. Biltmore Wealth Management LLC’s holdings in Vontier were worth $660,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of VNT. Rise Advisors LLC acquired a new stake in shares of Vontier during the first quarter valued at $27,000. Opal Wealth Advisors LLC purchased a new stake in shares of Vontier during the 1st quarter valued at about $30,000. Riverview Trust Co purchased a new stake in shares of Vontier during the 1st quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Vontier during the 4th quarter valued at about $35,000. Finally, ORG Partners LLC purchased a new stake in shares of Vontier during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Trading Up 0.1 %

Shares of NYSE VNT traded up $0.04 during mid-day trading on Friday, hitting $33.44. 792,029 shares of the company traded hands, compared to its average volume of 765,767. Vontier Co. has a 1 year low of $28.84 and a 1 year high of $45.62. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 1.44 and a beta of 1.29. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 2.14. The business has a 50 day moving average of $38.22 and a two-hundred day moving average of $39.93.

Vontier (NYSE:VNT) last announced 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 business had revenue of $696.40 million during the quarter, compared to analysts’ expectations of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. The firm’s revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. On average, sell-side analysts anticipate that Vontier Co. will post 2.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VNT has been the topic of several analyst reports. Robert W. Baird dropped their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Barclays decreased their target price on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.