Vontier (NYSE:VNT) Reaches New 12-Month Low – Time to Sell?

Vontier Co. (NYSE:VNT) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $30.17 and last traded at $30.31, with a volume of 225977 shares changing hands. The stock had previously closed at $33.65.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays reduced their target price on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Wolfe Research raised 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. Robert W. Baird boosted their price target on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. UBS Group initiated coverage on Vontier in a research report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target for the company. Finally, Citigroup lowered their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Vontier currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Vontier Stock Performance

The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The business has a 50 day moving average price of $36.22 and a two-hundred day moving average price of $36.41. The stock has a market cap of $4.52 billion, a P/E ratio of 11.06, 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, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $776.80 million during the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. On average, sell-side analysts forecast that Vontier Co. will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.33%. The ex-dividend date was Thursday, March 6th. Vontier’s payout ratio is currently 3.64%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VNT. Allspring Global Investments Holdings LLC boosted its stake in Vontier by 2,814.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock valued at $10,164,000 after buying an additional 272,166 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Vontier in the fourth quarter valued at $508,000. Integrated Investment Consultants LLC increased its position in Vontier by 14.7% in the fourth quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company’s stock worth $2,461,000 after purchasing an additional 8,657 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Vontier during the fourth quarter valued at $2,918,000. Finally, Oppenheimer Asset Management Inc. lifted its position in Vontier by 48.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company’s stock valued at $888,000 after purchasing an additional 7,909 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.