Vontier Co. (NYSE:VNT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Vontier Co. (NYSE:VNT) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $44.50.

A number of research firms recently issued reports on VNT. Citigroup lowered their target price on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Thursday, December 12th. UBS Group started coverage on shares of Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price for the company. Robert W. Baird lifted their price target on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Finally, Barclays cut their price objective on Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th.

Institutional Trading of Vontier

A number of hedge funds have recently modified their holdings of VNT. Norges Bank acquired a new position in Vontier during the fourth quarter valued at $64,869,000. Millennium Management LLC grew its stake in Vontier by 659.9% during the 4th quarter. Millennium Management LLC now owns 860,423 shares of the company’s stock valued at $31,380,000 after acquiring an additional 747,196 shares in the last quarter. J. Goldman & Co LP acquired a new position in shares of Vontier in the 4th quarter valued at about $17,478,000. Capital World Investors lifted its position in shares of Vontier by 39.4% in the fourth quarter. Capital World Investors now owns 1,128,451 shares of the company’s stock worth $41,155,000 after purchasing an additional 318,775 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Vontier by 821.7% during the fourth quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company’s stock worth $11,731,000 after purchasing an additional 286,774 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Trading Down 1.4 %

Shares of NYSE:VNT opened at $28.02 on Wednesday. The company has a 50 day moving average of $35.27 and a 200-day moving average of $36.24. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The firm has a market cap of $4.17 billion, a P/E ratio of 10.19, a P/E/G ratio of 1.23 and a beta of 1.28. Vontier has a twelve month low of $27.22 and a twelve month high of $43.29.

Vontier (NYSE:VNT) last released its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm had revenue of $776.80 million during the quarter. As a group, analysts anticipate that Vontier will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.36%. The ex-dividend date was Thursday, March 6th. Vontier’s payout ratio is 3.64%.

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.