Shares of Vontier Co. (NYSE:VNT – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $44.63.
Several research analysts have recently issued reports on VNT shares. Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research note on Thursday, December 12th. Barclays reduced their price objective on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. UBS Group started coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target on the stock. Finally, Citigroup dropped their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 13th.
Read Our Latest Analysis on Vontier
Vontier Price Performance
Vontier (NYSE:VNT – Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share 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 return on equity of 45.48% and a net margin of 13.54%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share. Sell-side analysts anticipate that Vontier will post 2.88 earnings per share for the current fiscal year.
Vontier Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were issued a $0.025 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier’s dividend payout ratio is currently 3.83%.
Hedge Funds Weigh In On Vontier
Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its stake in shares of Vontier by 2,976.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after purchasing an additional 1,012 shares during the period. Hazlett Burt & Watson Inc. purchased a new position in shares of Vontier in the third quarter valued at $37,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Vontier during the 3rd quarter valued at $40,000. Covestor Ltd lifted its holdings in Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after purchasing an additional 395 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Vontier by 10.9% in the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock worth $141,000 after purchasing an additional 410 shares during the period. Institutional investors own 95.83% of the company’s stock.
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.
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