Vontier Co. (NYSE:VNT) Receives $44.63 Average Target Price from Analysts

Shares of Vontier Co. (NYSE:VNT) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $44.63.

VNT has been the topic of several recent analyst reports. Barclays dropped their price target on Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Citigroup dropped their price objective on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wolfe Research upgraded shares of 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. Finally, UBS Group initiated coverage on Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price on the stock.

Vontier Trading Down 0.2 %

Shares of NYSE:VNT opened at $38.57 on Friday. Vontier has a 1-year low of $31.22 and a 1-year high of $45.62. The company has a 50 day moving average price of $37.76 and a 200 day moving average price of $36.26. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.73 and a beta of 1.26. 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 announced its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The company had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. During the same period last year, the company posted $0.73 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, research analysts anticipate that Vontier will post 2.88 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier’s payout ratio is 3.83%.

Hedge Funds Weigh In On Vontier

A number of hedge funds have recently made changes to their positions in the business. River Road Asset Management LLC raised its stake in shares of Vontier by 21.4% in the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after acquiring an additional 415,750 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Vontier by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock worth $97,078,000 after acquiring an additional 227,388 shares during the last quarter. Jane Street Group LLC increased its position in Vontier by 398.4% in the 3rd quarter. Jane Street Group LLC now owns 191,285 shares of the company’s stock valued at $6,454,000 after acquiring an additional 152,904 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of Vontier by 1,414.9% in the third quarter. Verition Fund Management LLC now owns 159,865 shares of the company’s stock worth $5,394,000 after acquiring an additional 149,312 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Vontier by 11.2% during the third quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company’s stock worth $44,246,000 after purchasing an additional 132,312 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

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.