Citigroup Lowers Vontier (NYSE:VNT) Price Target to $44.00

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

VNT has been the topic of a number of other research reports. Barclays reduced their target price on Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. UBS Group began coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective on the stock. Finally, Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Thursday, December 12th. 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 presently has an average rating of “Moderate Buy” and a consensus target price of $44.63.

Vontier Stock Down 0.6 %

VNT stock opened at $35.75 on Monday. Vontier has a 52 week low of $31.22 and a 52 week high of $45.62. The business has a 50-day simple moving average of $38.05 and a 200 day simple moving average of $36.27. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The company has a market cap of $5.37 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26.

Vontier (NYSE:VNT) last issued 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. The company had revenue of $750.00 million during 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%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 EPS. Sell-side analysts anticipate that Vontier will post 2.89 EPS for the current fiscal year.

Vontier Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in Vontier by 3.5% during the 2nd quarter. Victory Capital Management Inc. now owns 70,872 shares of the company’s stock worth $2,707,000 after buying an additional 2,426 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Vontier during the second quarter valued at $44,000. American Century Companies Inc. lifted its holdings in shares of Vontier by 7.4% during the second quarter. American Century Companies Inc. now owns 37,874 shares of the company’s stock worth $1,447,000 after purchasing an additional 2,619 shares during the period. Federated Hermes Inc. grew its stake in shares of Vontier by 4.3% in the second quarter. Federated Hermes Inc. now owns 312,071 shares of the company’s stock worth $11,921,000 after purchasing an additional 12,791 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in Vontier by 37.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 13,373 shares of the company’s stock valued at $511,000 after purchasing an additional 3,655 shares during the period. Institutional investors and hedge funds 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.