Brokerages Set Vontier Co. (NYSE:VNT) Target Price at $44.25

Vontier Co. (NYSE:VNT) has received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $44.25.

VNT has been the topic of several research analyst reports. Barclays dropped their target price on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Robert W. Baird dropped their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Evercore ISI dropped their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th.

Hedge Funds Weigh In On Vontier

Large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Vontier in the fourth quarter valued at about $60,612,000. Massachusetts Financial Services Co. MA raised its position in shares of Vontier by 305.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock valued at $34,473,000 after buying an additional 679,651 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in shares of Vontier in the first quarter valued at about $27,770,000. Stanley Capital Management LLC acquired a new stake in Vontier during the second quarter worth about $17,954,000. Finally, Eldred Rock Partners LLC acquired a new stake in Vontier during the second quarter worth about $14,613,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Price Performance

Vontier stock opened at $32.87 on Friday. Vontier has a 1 year low of $28.84 and a 1 year high of $45.62. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. The firm has a 50-day moving average of $34.79 and a two-hundred day moving average of $38.65.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). The business had revenue of $696.40 million during the quarter, compared to the consensus estimate of $746.43 million. Vontier had a net margin of 13.43% and a return on equity of 49.17%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. On average, research analysts forecast that Vontier will post 2.88 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, September 5th. Vontier’s dividend payout ratio (DPR) is presently 3.62%.

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.