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

Shares of Vontier Co. (NYSE:VNT) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $44.44.

A number of analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a report on Thursday, December 12th. Citigroup lifted their price target on shares of Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, December 9th. UBS Group initiated coverage on shares of Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective for the company. Finally, Barclays lifted their target price on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th.

Vontier Price Performance

Shares of NYSE VNT opened at $36.72 on Monday. The company has a fifty day moving average price of $37.97 and a 200 day moving average price of $36.43. Vontier has a 1-year low of $31.22 and a 1-year high of $45.62. The firm has a market cap of $5.52 billion, a PE ratio of 14.07, a PEG ratio of 1.85 and a beta of 1.24. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The business had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. Vontier’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. Research analysts predict that Vontier will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, November 21st. Vontier’s payout ratio is currently 3.83%.

Hedge Funds Weigh In On Vontier

A number of institutional investors have recently bought and sold shares of VNT. Wilmington Savings Fund Society FSB acquired a new position in shares of Vontier during the 3rd quarter worth approximately $40,000. Sanctuary Advisors LLC bought a new position in Vontier during the third quarter worth $505,000. TD Private Client Wealth LLC boosted its position in Vontier by 9.7% during the third quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock worth $154,000 after purchasing an additional 404 shares during the period. Geode Capital Management LLC increased its holdings in shares of Vontier by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock valued at $86,776,000 after purchasing an additional 18,091 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Vontier by 133.9% in the third quarter. Barclays PLC now owns 100,836 shares of the company’s stock valued at $3,402,000 after purchasing an additional 57,728 shares during the period. 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.