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

Vontier (NYSE:VNT) had its target price reduced by Barclays from $46.00 to $45.00 in a report issued on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research firms also recently weighed in on VNT. UBS Group started coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price target on the stock. Citigroup upped their price target on Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.33.

Vontier Stock Performance

VNT opened at $36.15 on Wednesday. The firm’s fifty day simple moving average is $38.11 and its two-hundred day simple moving average is $36.35. Vontier has a 52-week low of $31.22 and a 52-week high of $45.62. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.85 and a beta of 1.26. The company has a quick ratio of 1.23, a current ratio of 1.64 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 the consensus estimate of $0.69 by $0.04. The company had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. Vontier’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. Equities analysts anticipate that Vontier will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Thursday, November 21st. Vontier’s dividend payout ratio (DPR) is currently 3.83%.

Institutional Trading of Vontier

Several hedge funds have recently modified their holdings of VNT. Wedge Capital Management L L P NC raised its position in Vontier by 18.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 374,117 shares of the company’s stock valued at $12,623,000 after purchasing an additional 58,362 shares in the last quarter. Stanley Capital Management LLC acquired a new stake in Vontier in the second quarter valued at approximately $17,954,000. Cornercap Investment Counsel Inc. purchased a new position in Vontier in the second quarter worth approximately $1,060,000. Mackenzie Financial Corp grew its holdings in Vontier by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock worth $97,078,000 after acquiring an additional 227,388 shares in the last quarter. Finally, XTX Topco Ltd increased its position in shares of Vontier by 394.0% in the 2nd quarter. XTX Topco Ltd now owns 25,028 shares of the company’s stock valued at $956,000 after purchasing an additional 19,962 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

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.