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

Vontier (NYSE:VNT) had its price objective cut by investment analysts at Barclays from $46.00 to $45.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 34.19% from the stock’s previous close.

VNT has been the topic of several other research reports. UBS Group started coverage on Vontier in a report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective on the stock. 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 report on Tuesday, February 18th. Citigroup decreased their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, 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 report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Vontier Stock Down 1.9 %

Vontier stock opened at $33.54 on Wednesday. The stock’s fifty day moving average is $36.63 and its two-hundred day moving average is $36.36. The stock has a market cap of $4.99 billion, a PE ratio of 12.19, a P/E/G ratio of 1.23 and a beta of 1.26. 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 1.97, a current ratio of 1.51 and a quick ratio of 1.14.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $776.80 million for the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. On average, sell-side analysts expect that Vontier will post 3.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Vontier

Large investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Vontier in the 4th quarter valued at $64,869,000. Millennium Management LLC increased its stake in shares of Vontier by 659.9% during the fourth quarter. Millennium Management LLC now owns 860,423 shares of the company’s stock worth $31,380,000 after acquiring an additional 747,196 shares during the period. J. Goldman & Co LP purchased a new position in Vontier during the fourth quarter worth about $17,478,000. Capital World Investors lifted its position in Vontier by 39.4% in the fourth quarter. Capital World Investors now owns 1,128,451 shares of the company’s stock valued at $41,155,000 after purchasing an additional 318,775 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in Vontier by 821.7% in the 4th quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company’s stock valued at $11,731,000 after purchasing an additional 286,774 shares in the last quarter. Hedge funds and other 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.