Brokerages Set Vontier Co. (NYSE:VNT) PT at $44.50

Shares of Vontier Co. (NYSE:VNT) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $44.50.

VNT has been the topic of several research analyst reports. Citigroup lowered their price objective on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Robert W. Baird increased their price objective on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Finally, Barclays dropped their target price on Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th.

Hedge Funds Weigh In On Vontier

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Vontier in the fourth quarter valued at about $64,869,000. Millennium Management LLC grew its position in Vontier by 659.9% in the 4th quarter. Millennium Management LLC now owns 860,423 shares of the company’s stock worth $31,380,000 after purchasing an additional 747,196 shares during the last quarter. J. Goldman & Co LP acquired a new position in shares of Vontier during the fourth quarter valued at about $17,478,000. Capital World Investors lifted its stake in shares of Vontier by 39.4% in the fourth quarter. Capital World Investors now owns 1,128,451 shares of the company’s stock valued at $41,155,000 after buying an additional 318,775 shares during the period. Finally, Point72 Asset Management L.P. raised its holdings in Vontier by 821.7% in the 4th quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company’s stock valued at $11,731,000 after acquiring an additional 286,774 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Stock Performance

Shares of VNT opened at $29.92 on Wednesday. Vontier has a 12-month low of $27.22 and a 12-month high of $42.04. The stock has a market capitalization of $4.45 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.23 and a beta of 1.28. The firm’s 50 day moving average is $34.64 and its 200-day moving average is $36.15. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $776.80 million for the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. Equities research analysts anticipate that Vontier will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Thursday, March 6th. Vontier’s dividend payout ratio is 3.64%.

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.