Vontier (NYSE:VNT) Price Target Raised to $46.00 at Barclays

Vontier (NYSE:VNT) had its target price hoisted by analysts at Barclays from $44.00 to $46.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 14.94% from the stock’s current price.

Other research analysts have also issued reports about the company. Robert W. Baird cut their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Evercore ISI cut their price objective on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, Argus cut Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Vontier Trading Up 5.3 %

NYSE VNT opened at $40.02 on Tuesday. The company has a market cap of $6.01 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.73 and a beta of 1.25. Vontier has a 12 month low of $31.22 and a 12 month high of $45.62. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The company has a 50-day moving average of $34.05 and a 200-day moving average of $36.86.

Vontier (NYSE:VNT) last issued its quarterly 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 during the quarter, compared to analyst estimates of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 earnings per share. As a group, equities analysts predict that Vontier will post 2.89 earnings per share for the current year.

Institutional Investors Weigh In On Vontier

A number of large investors have recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in shares of Vontier during the first quarter worth about $35,000. International Assets Investment Management LLC increased its holdings in Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after purchasing an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of Vontier in the 3rd quarter valued at approximately $37,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Vontier during the 2nd quarter valued at approximately $44,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Vontier during the first quarter worth approximately $46,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Vontier Company Profile

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.