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

Shares of Vontier Co. (NYSE:VNT) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $44.83.

VNT has been the subject of several research reports. Evercore ISI upped their target price on shares of Vontier from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. Robert W. Baird lifted their price target on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Citigroup cut their target price on Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Barclays increased their price target on shares of Vontier from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, May 5th.

Vontier Price Performance

Shares of NYSE VNT opened at $35.78 on Thursday. The stock’s 50-day simple moving average is $32.80 and its two-hundred day simple moving average is $35.79. Vontier has a twelve month low of $27.22 and a twelve month high of $41.61. The firm has a market capitalization of $5.29 billion, a P/E ratio of 13.01, a P/E/G ratio of 1.23 and a beta of 1.29. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The business had revenue of $741.10 million during the quarter, compared to analyst estimates of $723.06 million. During the same period in the previous year, the business posted $0.74 earnings per share. Vontier’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities analysts anticipate that Vontier will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Thursday, June 5th. Vontier’s payout ratio is 4.07%.

Insider Buying and Selling at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the transaction, the senior vice president now directly owns 88,248 shares of the company’s stock, valued at $3,206,932.32. This represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen LLC bought a new position in Vontier in the first quarter worth $67,744,000. Norges Bank purchased a new stake in shares of Vontier in the fourth quarter worth $64,869,000. Woodline Partners LP increased its holdings in shares of Vontier by 132.9% during the first quarter. Woodline Partners LP now owns 1,879,793 shares of the company’s stock valued at $61,751,000 after acquiring an additional 1,072,683 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Vontier by 39.7% in the 1st quarter. Ameriprise Financial Inc. now owns 3,515,334 shares of the company’s stock worth $115,479,000 after purchasing an additional 999,755 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Vontier by 659.9% in the 4th quarter. Millennium Management LLC now owns 860,423 shares of the company’s stock worth $31,380,000 after purchasing an additional 747,196 shares during the last quarter. Hedge funds and other 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.