Citigroup Forecasts Strong Price Appreciation for Vontier (NYSE:VNT) Stock

Vontier (NYSE:VNT) had its target price boosted by Citigroup from $44.00 to $46.00 in a research note published on Monday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Evercore ISI dropped their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Barclays increased their price target on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.88.

Vontier Stock Performance

NYSE:VNT opened at $38.89 on Monday. Vontier has a 1-year low of $31.22 and a 1-year high of $45.62. The firm has a 50 day simple moving average of $36.60 and a 200-day simple moving average of $36.62. The firm has a market cap of $5.84 billion, a PE ratio of 14.95, a P/E/G ratio of 1.81 and a beta of 1.24. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23.

Vontier (NYSE:VNT) last released its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. During the same period in the prior year, the firm posted $0.73 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts expect that Vontier will post 2.89 EPS for the current year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.26%. The ex-dividend date is Thursday, November 21st. Vontier’s dividend payout ratio is currently 3.83%.

Institutional Investors Weigh In On Vontier

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its holdings in Vontier by 651.9% during the second quarter. SG Americas Securities LLC now owns 29,895 shares of the company’s stock valued at $1,142,000 after buying an additional 25,919 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Vontier by 18.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 374,117 shares of the company’s stock valued at $12,623,000 after acquiring an additional 58,362 shares in the last quarter. Stanley Capital Management LLC bought a new stake in shares of Vontier in the 2nd quarter valued at approximately $17,954,000. Cornercap Investment Counsel Inc. acquired a new position in Vontier during the second quarter worth $1,060,000. Finally, Mackenzie Financial Corp lifted its holdings in Vontier by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock valued at $97,078,000 after purchasing an additional 227,388 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

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.