Barclays Cuts Vontier (NYSE:VNT) Price Target to $45.00

Vontier (NYSE:VNT) had its target price decreased by Barclays from $46.00 to $45.00 in a research report sent to investors on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

VNT has been the subject of a number of other research reports. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, December 12th. UBS Group began coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective for the company. Finally, Citigroup boosted their price objective on Vontier from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vontier currently has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Vontier Price Performance

VNT opened at $35.95 on Wednesday. The stock has a market capitalization of $5.40 billion, a PE ratio of 13.77, a P/E/G ratio of 1.85 and a beta of 1.26. The company’s 50 day simple moving average is $38.08 and its 200 day simple moving average is $36.32. Vontier has a 1 year low of $31.22 and a 1 year high of $45.62. 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 (NYSE:VNT) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The firm had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share. As a group, sell-side analysts expect that Vontier will post 2.89 EPS for the current year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Thursday, November 21st. Vontier’s dividend payout ratio is presently 3.83%.

Institutional Trading of Vontier

Hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in Vontier by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 179,906 shares of the company’s stock valued at $6,581,000 after purchasing an additional 9,213 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vontier during the third quarter worth approximately $40,000. Sanctuary Advisors LLC acquired a new position in Vontier during the 3rd quarter worth $505,000. TD Private Client Wealth LLC grew its position in shares of Vontier by 9.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock worth $154,000 after buying an additional 404 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Vontier by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock valued at $86,776,000 after purchasing an additional 18,091 shares during the period. 95.83% of the stock is owned by hedge funds and other institutional investors.

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.