Brokerages Set Vontier Co. (NYSE:VNT) Target Price at $44.63

Vontier Co. (NYSE:VNT) has earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $44.63.

A number of equities research analysts have recently commented on VNT shares. Citigroup reduced their price objective on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. UBS Group began coverage on Vontier in a report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price target for the company. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Thursday, December 12th. Finally, Barclays decreased their target price on Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th.

Vontier Stock Up 3.0 %

Shares of VNT opened at $39.06 on Friday. The company has a market capitalization of $5.87 billion, a PE ratio of 14.97, a PEG ratio of 1.73 and a beta of 1.26. The stock’s 50-day moving average price is $37.80 and its two-hundred day moving average price is $36.24. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. Vontier has a 12 month low of $31.22 and a 12 month high of $45.62.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. The business had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. On average, analysts anticipate that Vontier will post 2.88 EPS for the current year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were issued a $0.025 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.26%. Vontier’s payout ratio is currently 3.83%.

Institutional Investors Weigh In On Vontier

Several hedge funds and other institutional investors have recently modified their holdings of the company. Principal Securities Inc. lifted its holdings in shares of Vontier by 12.8% in the 4th quarter. Principal Securities Inc. now owns 4,636 shares of the company’s stock worth $169,000 after purchasing an additional 526 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Vontier by 0.9% in the fourth quarter. Rhumbline Advisers now owns 410,684 shares of the company’s stock valued at $14,978,000 after buying an additional 3,754 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Vontier during the fourth quarter valued at about $99,000. Van ECK Associates Corp increased its position in shares of Vontier by 94.3% during the fourth quarter. Van ECK Associates Corp now owns 148,253 shares of the company’s stock worth $5,407,000 after acquiring an additional 71,963 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Vontier by 2,814.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock valued at $10,164,000 after acquiring an additional 272,166 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

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.