Vontier Co. (NYSE:VNT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Vontier Co. (NYSE:VNT) have received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $44.50.

A number of equities analysts recently issued reports on the company. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Barclays upped their target price on shares of Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Robert W. Baird dropped their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Evercore ISI reduced their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th.

Vontier Price Performance

Shares of VNT opened at $38.08 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. The firm’s fifty day simple moving average is $34.93 and its 200-day simple moving average is $36.82. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.82 and a beta of 1.25. Vontier has a twelve month low of $31.22 and a twelve month high of $45.62.

Vontier (NYSE:VNT) last posted 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 analysts’ expectations of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. Vontier’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. Equities analysts forecast that Vontier will post 2.89 EPS for the current fiscal year.

Vontier Announces Dividend

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

Hedge Funds Weigh In On Vontier

A number of hedge funds and other institutional investors have recently made changes to their positions in VNT. International Assets Investment Management LLC raised its stake in 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 acquiring an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of Vontier during the third quarter worth approximately $37,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Vontier during the second quarter worth approximately $44,000. Headlands Technologies LLC acquired a new stake in shares of Vontier during the first quarter worth $46,000. Finally, Covestor Ltd grew its position in Vontier by 37.1% in 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. Hedge funds and other institutional investors own 95.83% of the company’s stock.

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.