Vontier (NYSE:VNT) Upgraded by Wolfe Research to “Outperform” Rating

Wolfe Research upgraded shares of Vontier (NYSE:VNT) from a peer perform rating to an outperform rating in a research note issued to investors on Thursday, Marketbeat.com reports. Wolfe Research currently has $48.00 price target on the stock.

VNT has been the subject of a number of other reports. Barclays upped their price target on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Evercore ISI cut their price objective on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Citigroup lifted their target price on shares of Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a report on Monday, December 9th. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, UBS Group began coverage on Vontier in a report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vontier has an average rating of “Moderate Buy” and an average target price of $44.44.

Vontier Stock Down 0.8 %

Shares of VNT opened at $39.60 on Thursday. Vontier has a 1 year low of $31.22 and a 1 year high of $45.62. The company’s 50-day simple moving average is $37.18 and its 200-day simple moving average is $36.62. The stock has a market capitalization of $5.95 billion, a PE ratio of 15.17, a P/E/G ratio of 1.85 and a beta of 1.24. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.04. The firm had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. Analysts forecast that Vontier will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a $0.025 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. Vontier’s payout ratio is 3.83%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Covestor Ltd boosted its position in shares of Vontier by 37.1% in the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after purchasing an additional 395 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in Vontier by 9.7% during the third quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock worth $154,000 after buying an additional 404 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Vontier by 10.9% during the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock valued at $141,000 after buying an additional 410 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in Vontier by 3.3% in the 2nd quarter. Ritholtz Wealth Management now owns 13,129 shares of the company’s stock worth $502,000 after buying an additional 420 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in Vontier by 6.2% during the 2nd quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company’s stock valued at $295,000 after buying an additional 448 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

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.