Vontier (NYSE:VNT) Sets New 12-Month Low – Here’s What Happened

Vontier Co. (NYSE:VNT) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $30.17 and last traded at $30.31, with a volume of 225977 shares changing hands. The stock had previously closed at $33.65.

Analyst Ratings Changes

A number of equities analysts have recently commented on VNT shares. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Thursday, December 12th. Robert W. Baird increased their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Citigroup decreased their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Barclays lowered their price objective on Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Finally, UBS Group assumed coverage on shares of Vontier in a report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Vontier presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Vontier Price Performance

The firm has a market capitalization of $4.30 billion, a P/E ratio of 10.51, a PEG ratio of 1.23 and a beta of 1.28. The company has a fifty day moving average of $35.86 and a 200 day moving average of $36.34. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14.

Vontier (NYSE:VNT) last posted 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 return on equity of 43.22% and a net margin of 14.17%. The firm had revenue of $776.80 million during the quarter. Sell-side analysts predict that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.35%. The ex-dividend date was Thursday, March 6th. Vontier’s dividend payout ratio (DPR) is currently 3.64%.

Institutional Trading of Vontier

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VNT. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Vontier by 5.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,323,491 shares of the company’s stock valued at $121,208,000 after buying an additional 173,542 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Vontier by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,666,927 shares of the company’s stock valued at $97,260,000 after buying an additional 75,775 shares during the last quarter. Geode Capital Management LLC raised its position in Vontier by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock valued at $86,776,000 after buying an additional 18,091 shares during the last quarter. Mackenzie Financial Corp raised its position in Vontier by 0.8% in the 4th quarter. Mackenzie Financial Corp now owns 2,540,329 shares of the company’s stock valued at $92,646,000 after buying an additional 20,649 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Vontier by 4.0% during the 4th quarter. Ameriprise Financial Inc. now owns 2,515,579 shares of the company’s stock valued at $91,740,000 after acquiring an additional 96,554 shares in the last quarter. 95.83% of the stock is owned by institutional investors.

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.