Analysts Set Vontier Co. (NYSE:VNT) Price Target at $44.50

Vontier Co. (NYSE:VNT) has received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. Three 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 brokers that have updated their coverage on the stock in the last year is $44.50.

Several equities analysts recently issued reports on the stock. 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 report on Friday, August 2nd. Argus lowered Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Evercore ISI decreased their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, Barclays boosted their price target on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th.

Vontier Price Performance

VNT stock opened at $39.52 on Friday. 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 52-week low of $31.22 and a 52-week high of $45.62. The company has a market capitalization of $5.94 billion, a P/E ratio of 15.46, a PEG ratio of 1.87 and a beta of 1.25. The company has a fifty day moving average price of $34.48 and a 200-day moving average price of $36.86.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.69 by $0.04. The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. As a group, equities analysts expect that Vontier will post 2.89 EPS for the current year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.025 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. Vontier’s dividend payout ratio (DPR) is presently 3.83%.

Hedge Funds Weigh In On Vontier

A number of institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its stake in Vontier by 305.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock valued at $34,473,000 after purchasing an additional 679,651 shares in the last quarter. Stanley Capital Management LLC bought a new stake in shares of Vontier during the second quarter worth about $17,954,000. River Road Asset Management LLC raised its holdings in shares of Vontier by 21.4% in the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock worth $79,510,000 after acquiring an additional 415,750 shares during the last quarter. Eldred Rock Partners LLC bought a new position in Vontier in the 2nd quarter valued at about $14,613,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Vontier by 24.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock valued at $76,898,000 after acquiring an additional 329,191 shares in the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

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.