Vontier (NYSE:VNT) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Vontier (NYSE:VNTGet Rating) posted its quarterly earnings data on Thursday. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03, Briefing.com reports. Vontier had a net margin of 18.88% and a return on equity of 102.18%. The company had revenue of $776.40 million for the quarter, compared to the consensus estimate of $763.00 million. During the same quarter in the previous year, the firm posted $0.61 EPS. The business’s revenue was up 7.1% compared to the same quarter last year.

Vontier Price Performance

NYSE VNT traded down $0.03 on Friday, reaching $24.72. The company’s stock had a trading volume of 644,702 shares, compared to its average volume of 1,608,558. The firm has a market cap of $3.98 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03. The business has a 50-day moving average price of $24.22 and a 200 day moving average price of $25.29. Vontier has a 52 week low of $21.16 and a 52 week high of $37.08. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, June 2nd were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.10 dividend on an annualized basis and a yield of 0.40%. Vontier’s payout ratio is currently 2.95%.

Analysts Set New Price Targets

Several research firms have recently issued reports on VNT. The Goldman Sachs Group dropped their price objective on shares of Vontier from $31.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, June 23rd. Barclays dropped their price objective on shares of Vontier from $39.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Institutional Trading of Vontier

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Yousif Capital Management LLC boosted its position in Vontier by 0.9% in the first quarter. Yousif Capital Management LLC now owns 89,875 shares of the company’s stock valued at $2,282,000 after buying an additional 836 shares in the last quarter. Covestor Ltd boosted its position in Vontier by 90.4% in the first quarter. Covestor Ltd now owns 2,340 shares of the company’s stock valued at $59,000 after buying an additional 1,111 shares in the last quarter. US Bancorp DE boosted its position in Vontier by 13.4% in the first quarter. US Bancorp DE now owns 11,389 shares of the company’s stock valued at $289,000 after buying an additional 1,347 shares in the last quarter. Captrust Financial Advisors boosted its position in Vontier by 24.8% in the first quarter. Captrust Financial Advisors now owns 9,224 shares of the company’s stock valued at $234,000 after buying an additional 1,832 shares in the last quarter. Finally, Citigroup Inc. boosted its position in Vontier by 15.0% in the first quarter. Citigroup Inc. now owns 41,549 shares of the company’s stock valued at $1,054,000 after buying an additional 5,420 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

About Vontier

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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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Earnings History for Vontier (NYSE:VNT)

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