Brokerages Set Vontier Co. (NYSE:VNT) Price Target at $45.43

Shares of Vontier Co. (NYSE:VNT) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $44.67.

VNT has been the topic of several research reports. Barclays increased their price target on shares of Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Robert W. Baird increased their price objective on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. UBS Group initiated coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price for the company. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Thursday, December 12th. Finally, Citigroup reduced their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th.

Institutional Investors Weigh In On Vontier

Several hedge funds have recently modified their holdings of VNT. Norges Bank purchased a new position in shares of Vontier in the 4th quarter valued at about $64,869,000. Millennium Management LLC increased its position in shares of Vontier by 659.9% in the fourth quarter. Millennium Management LLC now owns 860,423 shares of the company’s stock valued at $31,380,000 after buying an additional 747,196 shares in the last quarter. J. Goldman & Co LP acquired a new position in shares of Vontier during the 4th quarter worth approximately $17,478,000. Capital World Investors lifted its position in shares of Vontier by 39.4% during the 4th quarter. Capital World Investors now owns 1,128,451 shares of the company’s stock valued at $41,155,000 after buying an additional 318,775 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of Vontier by 821.7% during the 4th quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company’s stock valued at $11,731,000 after buying an additional 286,774 shares in the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Vontier Price Performance

Shares of VNT opened at $33.69 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. The company’s fifty day moving average price is $36.82 and its 200-day moving average price is $36.34. Vontier has a 1-year low of $31.22 and a 1-year high of $45.62. The firm has a market capitalization of $5.01 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26.

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

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.025 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. Vontier’s payout ratio is 3.64%.

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.