Brokerages Set Vontier Co. (NYSE:VNT) Target Price at $45.00

Vontier Co. (NYSE:VNT) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $45.00.

Several analysts recently issued reports on VNT shares. Citigroup boosted their target price on shares of Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Argus raised their target price on Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 18th.

Hedge Funds Weigh In On Vontier

Several institutional investors have recently bought and sold shares of VNT. Norges Bank bought a new position in shares of Vontier during the 4th quarter valued at about $60,612,000. Confluence Investment Management LLC purchased a new position in shares of Vontier in the 1st quarter worth $27,770,000. LSV Asset Management lifted its holdings in shares of Vontier by 53.7% in the 4th quarter. LSV Asset Management now owns 1,492,310 shares of the company’s stock valued at $51,559,000 after acquiring an additional 521,310 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Vontier by 24.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock valued at $76,898,000 after purchasing an additional 329,191 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Vontier by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 16,477,275 shares of the company’s stock worth $509,477,000 after purchasing an additional 264,884 shares during the period. 95.83% of the stock is owned by hedge funds and other institutional investors.

Vontier Stock Up 1.0 %

Shares of Vontier stock opened at $38.28 on Friday. Vontier has a twelve month low of $28.84 and a twelve month high of $45.62. The company has a quick ratio of 1.23, a current ratio of 1.57 and a debt-to-equity ratio of 2.21. The company’s 50 day moving average is $39.63 and its 200 day moving average is $39.28. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The firm had revenue of $755.80 million for the quarter, compared to the consensus estimate of $754.50 million. During the same period last year, the business posted $0.68 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Research analysts anticipate that Vontier will post 3.15 EPS for the current year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 6th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, June 6th. Vontier’s dividend payout ratio (DPR) is presently 3.62%.

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.