Vontier Corporation (VNT) – What Are Investment Firms Saying About This Stock?

Shares of Vontier Corporation (NYSE:VNT) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $42.86.

Several brokerages have issued reports on VNT. KeyCorp upped their price objective on Vontier from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, November 6th. Weiss Ratings upgraded Vontier from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Citigroup boosted their price objective on Vontier from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, November 6th. Finally, Robert W. Baird upped their target price on Vontier from $39.00 to $46.00 and gave the stock a “neutral” rating in a research report on Monday.

Vontier Price Performance

VNT opened at $43.77 on Thursday. The company has a 50-day moving average of $33.88 and a 200-day moving average of $33.90. The company has a market capitalization of $5.81 billion, a P/E ratio of 17.94, a PEG ratio of 1.28 and a beta of 1.13. Vontier has a 1-year low of $27.25 and a 1-year high of $48.20. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.91 and a current ratio of 1.23.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, November 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. The business had revenue of $736.90 million for the quarter, compared to analyst estimates of $727.98 million. Vontier had a net margin of 11.27% and a return on equity of 39.53%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 EPS. Equities analysts expect that Vontier will post 3.64 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a $0.0250 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. Vontier’s dividend payout ratio (DPR) is currently 4.10%.

Institutional Trading of Vontier

Large investors have recently modified their holdings of the company. Boston Partners raised its holdings in Vontier by 62.8% in the 3rd quarter. Boston Partners now owns 6,309,397 shares of the company’s stock worth $198,276,000 after acquiring an additional 2,433,072 shares during the period. Voya Investment Management LLC lifted its position in Vontier by 4.7% during the 3rd quarter. Voya Investment Management LLC now owns 14,851 shares of the company’s stock worth $466,000 after acquiring an additional 672 shares during the last quarter. Public Sector Pension Investment Board acquired a new position in Vontier during the 3rd quarter worth $1,997,000. Cibc World Market Inc. bought a new stake in Vontier during the third quarter valued at about $555,000. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in Vontier by 176.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 132,852 shares of the company’s stock valued at $4,171,000 after acquiring an additional 84,782 shares during the period. 95.83% of the stock is owned by institutional investors.

About Vontier

Vontier Corporation (NYSE: VNT) is a global technology company serving the mobility, convenience retail and commercial transportation industries. Its products and services help businesses manage fueling and energy infrastructure, vehicle maintenance, payments and fleet operations. The company’s offerings include fuel dispensers and payment systems, fuel-management and tank-monitoring technology, fleet telematics, vehicle diagnostic equipment and tools, and software for electric-vehicle charging.