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

Vontier Co. (NYSE:VNT) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $45.00.

VNT has been the topic of several recent research reports. UBS Group raised their target price on shares of Vontier from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Citigroup increased their price target on shares of Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Evercore ISI increased their price target on shares of Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group increased their price target on shares of Vontier from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Finally, Argus increased their price target on shares of Vontier from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 18th.

Institutional Investors Weigh In On Vontier

Institutional investors and hedge funds have recently made changes to their positions in the business. Olstein Capital Management L.P. acquired a new stake in shares of Vontier in the 4th quarter worth about $3,662,000. Assenagon Asset Management S.A. acquired a new stake in shares of Vontier in the 4th quarter worth about $2,192,000. Mutual of America Capital Management LLC raised its holdings in shares of Vontier by 71.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company’s stock worth $5,949,000 after acquiring an additional 71,515 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Vontier by 89.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company’s stock worth $1,678,000 after acquiring an additional 25,632 shares during the last quarter. Finally, Segment Wealth Management LLC bought a new stake in Vontier in the 4th quarter worth about $900,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Trading Down 0.3 %

Shares of VNT opened at $39.02 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.57 and a debt-to-equity ratio of 2.21. The stock’s 50-day moving average price is $40.79 and its 200 day moving average price is $38.73. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 1.14 and a beta of 1.31. Vontier has a 12-month low of $28.84 and a 12-month high of $45.62.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. Vontier had a net margin of 14.02% and a return on equity of 54.84%. The firm had revenue of $755.80 million during the quarter, compared to analysts’ expectations of $754.50 million. During the same quarter in the previous year, the company posted $0.68 EPS. Vontier’s revenue was down 2.7% on a year-over-year basis. As a group, research analysts predict that Vontier will post 3.15 earnings per share for the current year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. Vontier’s dividend payout ratio is currently 3.62%.

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.