RNC Capital Management LLC Decreases Stake in Vontier Co. (NYSE:VNT)

RNC Capital Management LLC lowered its position in Vontier Co. (NYSE:VNT) by 6.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,060 shares of the company’s stock after selling 2,390 shares during the period. RNC Capital Management LLC’s holdings in Vontier were worth $1,169,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of VNT. Squarepoint Ops LLC purchased a new position in shares of Vontier during the 2nd quarter worth $480,000. Creative Planning raised its holdings in shares of Vontier by 2.8% during the 2nd quarter. Creative Planning now owns 17,918 shares of the company’s stock worth $684,000 after acquiring an additional 491 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vontier by 102.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,888 shares of the company’s stock worth $187,000 after acquiring an additional 2,470 shares during the period. Cetera Investment Advisers raised its holdings in shares of Vontier by 4.4% during the 2nd quarter. Cetera Investment Advisers now owns 44,010 shares of the company’s stock worth $1,681,000 after acquiring an additional 1,872 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Vontier by 6.6% during the 3rd quarter. SG Americas Securities LLC now owns 31,860 shares of the company’s stock worth $1,075,000 after acquiring an additional 1,965 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Trading Down 0.1 %

NYSE VNT opened at $38.83 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier Co. has a 52 week low of $31.22 and a 52 week high of $45.62. The stock has a market capitalization of $5.83 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.73 and a beta of 1.26. The firm has a 50 day moving average of $37.76 and a two-hundred day moving average of $36.17.

Wall Street Analyst Weigh In

VNT has been the subject of a number of recent analyst reports. UBS Group initiated coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective for the company. Barclays cut their price objective on Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Citigroup cut their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Vontier has an average rating of “Moderate Buy” and a consensus price target of $44.63.

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.