Brokerages Set Vontier Co. (NYSE:VNT) PT at $44.44

Vontier Co. (NYSE:VNT) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $44.44.

Several equities analysts recently weighed in on the stock. Citigroup raised their target price on shares of Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, December 9th. 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 price objective on the stock. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research report on Thursday, December 12th. Finally, Barclays increased 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.

Institutional Investors Weigh In On Vontier

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wedge Capital Management L L P NC grew its position in Vontier by 18.5% during the third quarter. Wedge Capital Management L L P NC now owns 374,117 shares of the company’s stock worth $12,623,000 after buying an additional 58,362 shares in the last quarter. Stanley Capital Management LLC acquired a new stake in Vontier during the second quarter worth about $17,954,000. Cornercap Investment Counsel Inc. acquired a new position in shares of Vontier in the 2nd quarter valued at approximately $1,060,000. Mackenzie Financial Corp lifted its holdings in shares of Vontier by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock worth $97,078,000 after acquiring an additional 227,388 shares during the period. Finally, XTX Topco Ltd boosted its position in shares of Vontier by 394.0% during the 2nd quarter. XTX Topco Ltd now owns 25,028 shares of the company’s stock worth $956,000 after acquiring an additional 19,962 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Stock Performance

Shares of VNT opened at $36.47 on Monday. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 1.85 and a beta of 1.24. Vontier has a 12 month low of $31.22 and a 12 month high of $45.62. The firm has a fifty day simple moving average of $37.84 and a 200 day simple moving average of $36.44. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The company had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. Research analysts forecast that Vontier will post 2.89 EPS for the current fiscal year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were given a $0.025 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. Vontier’s payout ratio is presently 3.83%.

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.