Vontier (NYSE:VNT) Given New $45.00 Price Target at Barclays

Vontier (NYSE:VNT) had its price objective trimmed by Barclays from $46.00 to $45.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts also recently commented on the stock. Citigroup increased their price objective on shares of Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a report on Thursday, December 12th. Finally, UBS Group initiated coverage on Vontier in a research report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

Vontier Stock Performance

NYSE:VNT opened at $36.15 on Wednesday. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26. 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 1-year low of $31.22 and a 1-year high of $45.62. The firm’s fifty day moving average price is $38.11 and its 200 day moving average price is $36.35.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The company had revenue of $750.00 million for the quarter, compared to analyst estimates of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.73 EPS. On average, sell-side analysts expect that Vontier will post 2.89 EPS for the current year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. Vontier’s dividend payout ratio is 3.83%.

Institutional Trading of Vontier

Several institutional investors have recently made changes to their positions in VNT. International Assets Investment Management LLC boosted its stake in shares of Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after buying an additional 1,012 shares during the period. Hazlett Burt & Watson Inc. acquired a new stake in Vontier during the third quarter valued at $37,000. Wilmington Savings Fund Society FSB acquired a new position in Vontier in the 3rd quarter worth about $40,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Vontier during the 2nd quarter worth about $44,000. Finally, Covestor Ltd lifted its holdings in shares of Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after buying an additional 395 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

About Vontier

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.