Vontier (NYSE:VNT) PT Lowered to $26.00

Vontier (NYSE:VNTGet Rating) had its target price decreased by analysts at The Goldman Sachs Group from $31.00 to $26.00 in a report issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 12.60% from the stock’s current price.

A number of other analysts have also recently commented on the company. Argus cut their price objective on Vontier from $40.00 to $30.00 in a research report on Wednesday, March 23rd. Barclays dropped their target price on Vontier from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, April 4th. Finally, TheStreet lowered Vontier from a “c-” rating to a “d+” rating in a research note on Wednesday, February 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Vontier currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Shares of Vontier stock traded down $0.41 during trading on Thursday, hitting $23.09. 5,011 shares of the stock traded hands, compared to its average volume of 1,356,123. The firm has a market cap of $3.72 billion, a P/E ratio of 6.81, a price-to-earnings-growth ratio of 1.17 and a beta of 0.84. The company has a current ratio of 1.48, a quick ratio of 1.10 and a debt-to-equity ratio of 4.68. Vontier has a 52-week low of $21.95 and a 52-week high of $37.08. The stock’s fifty day simple moving average is $26.03 and its 200 day simple moving average is $26.78.

Vontier (NYSE:VNTGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. Vontier had a return on equity of 102.18% and a net margin of 18.88%. The business had revenue of $748.10 million during the quarter, compared to the consensus estimate of $738.84 million. During the same quarter last year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities analysts expect that Vontier will post 3.25 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. River Road Asset Management LLC purchased a new stake in shares of Vontier in the first quarter valued at $66,029,000. Anchor Capital Advisors LLC purchased a new stake in Vontier during the first quarter valued at about $47,443,000. Marathon Asset Mgmt Ltd acquired a new position in shares of Vontier during the fourth quarter worth about $56,347,000. American Century Companies Inc. lifted its stake in shares of Vontier by 141.8% during the first quarter. American Century Companies Inc. now owns 2,585,407 shares of the company’s stock worth $65,643,000 after purchasing an additional 1,515,960 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Vontier by 38.0% during the first quarter. Thompson Siegel & Walmsley LLC now owns 4,657,508 shares of the company’s stock worth $118,254,000 after purchasing an additional 1,282,516 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

About Vontier (Get Rating)

Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment.

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