Vontier Co. (NYSE:VNT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Vontier Co. (NYSE:VNT) have received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $44.25.

VNT has been the subject of a number of analyst reports. Evercore ISI cut their price target on Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Barclays lowered their price target on Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Robert W. Baird decreased their price objective on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Argus downgraded Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th.

Hedge Funds Weigh In On Vontier

Several large investors have recently made changes to their positions in the business. Ritholtz Wealth Management raised 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 acquiring an additional 420 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in Vontier by 6.2% in the 2nd quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company’s stock valued at $295,000 after acquiring an additional 448 shares during the last quarter. Creative Planning increased its holdings in Vontier by 2.8% in the 2nd quarter. Creative Planning now owns 17,918 shares of the company’s stock valued at $684,000 after acquiring an additional 491 shares during the last quarter. Blue Trust Inc. increased its holdings in Vontier by 15.8% in the 2nd quarter. Blue Trust Inc. now owns 3,761 shares of the company’s stock valued at $144,000 after acquiring an additional 513 shares during the last quarter. Finally, Rise Advisors LLC purchased a new position in shares of Vontier in the 1st quarter worth $27,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Stock Performance

Shares of VNT opened at $32.87 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.47 and a beta of 1.28. The stock has a 50 day moving average of $34.79 and a 200 day moving average of $38.65. Vontier has a 12 month low of $28.84 and a 12 month high of $45.62.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $746.43 million. During the same period in the previous year, the business posted $0.67 earnings per share. The business’s revenue was down 8.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Vontier will post 2.88 earnings per share for the current year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. Vontier’s payout ratio is 3.62%.

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.