Barclays Issues Pessimistic Forecast for Vontier (NYSE:VNT) Stock Price

Vontier (NYSE:VNT) had its price target trimmed by Barclays from $46.00 to $45.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on VNT. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a report on Thursday, December 12th. Citigroup boosted their price objective on Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, UBS Group assumed coverage on Vontier in a research report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.33.

Vontier Trading Down 0.5 %

Shares of NYSE:VNT opened at $35.95 on Wednesday. Vontier has a one year low of $31.22 and a one year high of $45.62. The stock has a market capitalization of $5.40 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The company’s 50-day moving average price is $38.08 and its two-hundred day moving average price is $36.32.

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

Vontier Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Thursday, November 21st. Vontier’s payout ratio is 3.83%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its position in shares of Vontier by 3.5% in the 2nd quarter. Victory Capital Management Inc. now owns 70,872 shares of the company’s stock worth $2,707,000 after buying an additional 2,426 shares during the last quarter. Arizona State Retirement System boosted its holdings in Vontier by 2.1% in the second quarter. Arizona State Retirement System now owns 43,295 shares of the company’s stock valued at $1,654,000 after acquiring an additional 882 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Vontier during the 2nd quarter valued at $44,000. Texas Permanent School Fund Corp raised its holdings in Vontier by 2.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 138,580 shares of the company’s stock worth $5,294,000 after purchasing an additional 3,514 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Vontier by 7.4% in the 2nd quarter. American Century Companies Inc. now owns 37,874 shares of the company’s stock worth $1,447,000 after purchasing an additional 2,619 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

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.