Vontier Co. (NYSE:VNT) Given Consensus Rating of “Moderate Buy” by Analysts

Vontier Co. (NYSE:VNT) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $45.00.

A number of research analysts have recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday. Citigroup upped their price target on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, April 8th.

Institutional Trading of Vontier

A number of institutional investors have recently made changes to their positions in VNT. Norges Bank purchased a new stake in Vontier in the fourth quarter worth $60,612,000. Confluence Investment Management LLC bought a new position in Vontier in the first quarter worth about $27,770,000. LSV Asset Management lifted its holdings in Vontier by 53.7% in the fourth quarter. LSV Asset Management now owns 1,492,310 shares of the company’s stock worth $51,559,000 after buying an additional 521,310 shares during the period. Eldred Rock Partners LLC bought a new stake in Vontier during the 2nd quarter valued at approximately $14,613,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Vontier by 24.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock worth $76,898,000 after purchasing an additional 329,191 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Trading Down 5.9 %

NYSE:VNT traded down $2.09 during mid-day trading on Friday, hitting $33.16. 535,425 shares of the company’s stock were exchanged, compared to its average volume of 746,214. The firm has a market capitalization of $5.12 billion, a P/E ratio of 12.02, a PEG ratio of 1.14 and a beta of 1.29. Vontier has a fifty-two week low of $28.84 and a fifty-two week high of $45.62. The company has a current ratio of 1.57, a quick ratio of 1.23 and a debt-to-equity ratio of 2.21. The company has a 50 day simple moving average of $39.02 and a 200-day simple moving average of $39.94.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $746.43 million. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. As a group, research analysts expect that Vontier will post 3.15 earnings per share for the current year.

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.