Vontier Co. (NYSE:VNT) Receives $44.50 Average Target Price from Analysts

Shares of Vontier Co. (NYSE:VNT) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $44.50.

Several brokerages recently commented on VNT. Barclays lifted their target price on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Evercore ISI dropped their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Robert W. Baird lowered their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Argus lowered Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th.

Institutional Investors Weigh In On Vontier

Several large investors have recently made changes to their positions in VNT. CANADA LIFE ASSURANCE Co grew its holdings in shares of Vontier by 17.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company’s stock worth $4,941,000 after purchasing an additional 16,305 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Vontier by 366.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,759 shares of the company’s stock worth $2,257,000 after acquiring an additional 39,100 shares during the last quarter. Natixis acquired a new stake in Vontier in the 1st quarter valued at about $2,785,000. Edgestream Partners L.P. bought a new position in shares of Vontier in the first quarter worth about $810,000. Finally, Boston Partners acquired a new position in shares of Vontier during the first quarter worth approximately $1,231,000. Institutional investors own 95.83% of the company’s stock.

Vontier Stock Performance

Shares of NYSE VNT opened at $38.94 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. Vontier has a one year low of $31.22 and a one year high of $45.62. The business’s 50-day moving average price is $34.71 and its two-hundred day moving average price is $36.86. The company has a market capitalization of $5.85 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The company had revenue of $750.00 million during 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 business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Analysts anticipate that Vontier will post 2.89 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier’s dividend payout ratio is currently 3.83%.

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.