Citigroup Lowers Vontier (NYSE:VNT) Price Target to $36.00

Vontier (NYSE:VNT) had its target price cut by Citigroup from $45.00 to $36.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Barclays lowered their price objective on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Robert W. Baird upped their target price on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.17.

Vontier Trading Up 1.1 %

NYSE VNT opened at $30.27 on Monday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. The stock’s 50-day moving average is $34.47 and its 200-day moving average is $36.14. Vontier has a one year low of $27.22 and a one year high of $42.04. The firm has a market cap of $4.50 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.23 and a beta of 1.28.

Vontier (NYSE:VNT) last announced 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 net margin of 14.17% and a return on equity of 43.22%. The firm had revenue of $776.80 million during the quarter. Sell-side analysts anticipate that Vontier will post 3.13 earnings per share for the current fiscal year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were paid a $0.025 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.10 annualized dividend and a yield of 0.33%. Vontier’s dividend payout ratio (DPR) is presently 3.64%.

Institutional Investors Weigh In On Vontier

Institutional investors have recently modified their holdings of the business. Global X Japan Co. Ltd. grew its position in Vontier by 137.7% during the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock worth $27,000 after buying an additional 431 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Vontier in the third quarter valued at approximately $40,000. Lazard Asset Management LLC bought a new stake in Vontier during the fourth quarter worth $73,000. Farther Finance Advisors LLC lifted its position in shares of Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock worth $83,000 after buying an additional 700 shares during the last quarter. Finally, Covestor Ltd grew its position in Vontier by 66.8% in the fourth quarter. Covestor Ltd now owns 2,437 shares of the company’s stock valued at $89,000 after acquiring an additional 976 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

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.