Vontier Co. (NYSE:VNT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Vontier Co. (NYSE:VNT) has earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $45.00.

A number of research analysts recently commented on the stock. Bank of America upgraded shares of Vontier from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $40.00 in a research note on Thursday, January 11th. The Goldman Sachs Group lifted their price target on Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Argus upped their price objective on Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 18th. Evercore ISI lifted their target price on Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Finally, Citigroup boosted their target price on shares of Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, April 8th.

Institutional Investors Weigh In On Vontier

A number of large investors have recently bought and sold shares of the company. US Bancorp DE lifted its holdings in shares of Vontier by 15.2% during the 1st quarter. US Bancorp DE now owns 10,644 shares of the company’s stock worth $483,000 after acquiring an additional 1,401 shares during the period. Russell Investments Group Ltd. raised its position in Vontier by 1.8% during the first quarter. Russell Investments Group Ltd. now owns 1,321,553 shares of the company’s stock valued at $59,946,000 after purchasing an additional 23,507 shares in the last quarter. Headlands Technologies LLC bought a new stake in Vontier during the first quarter worth $46,000. Inspire Investing LLC boosted its holdings in shares of Vontier by 17.6% in the 1st quarter. Inspire Investing LLC now owns 45,120 shares of the company’s stock valued at $2,047,000 after purchasing an additional 6,768 shares in the last quarter. Finally, Choate Investment Advisors increased its stake in shares of Vontier by 4.7% in the 1st quarter. Choate Investment Advisors now owns 90,375 shares of the company’s stock valued at $4,099,000 after purchasing an additional 4,088 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Price Performance

Shares of NYSE VNT opened at $40.56 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.57 and a debt-to-equity ratio of 2.21. The business’s 50 day moving average price is $42.54 and its two-hundred day moving average price is $37.39. The company has a market cap of $6.26 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. Vontier has a twelve month low of $27.21 and a twelve month high of $45.62.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The business had revenue of $755.80 million for the quarter, compared to analysts’ expectations of $754.50 million. During the same quarter in the prior year, the business earned $0.68 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts predict that Vontier will post 3.15 EPS for the current year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Wednesday, March 6th. 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.