Vontier (NYSE:VNT) Price Target Lowered to $45.00 at Barclays

Vontier (NYSE:VNT) had its price target lowered by investment analysts at Barclays from $46.00 to $45.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 30.04% from the company’s previous close.

Other research analysts also recently issued reports about the company. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, December 12th. UBS Group started coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective on the stock. Robert W. Baird boosted their target price on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Finally, Citigroup dropped their price target 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Vontier Stock Up 0.2 %

Shares of NYSE:VNT opened at $34.61 on Wednesday. The company’s fifty day moving average is $36.75 and its two-hundred day moving average is $36.40. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. Vontier has a 1-year low of $31.22 and a 1-year high of $45.62. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26.

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

Hedge Funds Weigh In On Vontier

Several large investors have recently made changes to their positions in VNT. Norges Bank acquired a new stake in Vontier during the fourth quarter valued at approximately $64,869,000. Millennium Management LLC increased its holdings in shares of Vontier by 659.9% in the fourth quarter. Millennium Management LLC now owns 860,423 shares of the company’s stock valued at $31,380,000 after buying an additional 747,196 shares in the last quarter. J. Goldman & Co LP acquired a new stake in shares of Vontier during the 4th quarter valued at $17,478,000. Capital World Investors boosted its stake in shares of Vontier by 39.4% during the 4th quarter. Capital World Investors now owns 1,128,451 shares of the company’s stock worth $41,155,000 after acquiring an additional 318,775 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Vontier by 821.7% in the 4th quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company’s stock worth $11,731,000 after acquiring an additional 286,774 shares during the last quarter. 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.