Robert W. Baird Raises Vontier (NYSE:VNT) Price Target to $43.00

Vontier (NYSE:VNT) had its target price upped by Robert W. Baird from $42.00 to $43.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts also recently commented on the company. Barclays boosted their price objective on Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. UBS Group began coverage on shares of Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 price target on the stock. Citigroup lowered 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. Finally, Wolfe Research raised shares of 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.88.

Vontier Price Performance

VNT opened at $40.17 on Tuesday. The company has a market capitalization of $6.03 billion, a P/E ratio of 15.39, a PEG ratio of 1.75 and a beta of 1.26. The company has a 50-day moving average of $37.71 and a 200-day moving average of $36.19. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. Vontier has a 1-year low of $31.22 and a 1-year high of $45.62.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company had revenue of $776.80 million during the quarter. Equities analysts expect that Vontier will post 2.88 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. Vontier’s payout ratio is presently 3.83%.

Institutional Trading of Vontier

Institutional investors and hedge funds have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. grew its position in Vontier by 5.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,323,491 shares of the company’s stock valued at $121,208,000 after acquiring an additional 173,542 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Vontier by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,666,927 shares of the company’s stock worth $97,260,000 after acquiring an additional 75,775 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Vontier by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock valued at $86,776,000 after buying an additional 18,091 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Vontier by 4.0% during the 4th quarter. Ameriprise Financial Inc. now owns 2,515,579 shares of the company’s stock valued at $91,740,000 after buying an additional 96,554 shares during the last quarter. Finally, River Road Asset Management LLC lifted its holdings in Vontier by 6.2% during the fourth quarter. River Road Asset Management LLC now owns 2,502,132 shares of the company’s stock valued at $91,253,000 after purchasing an additional 145,574 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

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.