Vontier (NYSE:VNT) Price Target Cut to $42.00 by Analysts at Robert W. Baird

Vontier (NYSE:VNT) had its target price reduced by Robert W. Baird from $44.00 to $42.00 in a research report released on Friday, Benzinga reports. They currently have a neutral rating on the stock.

Separately, Citigroup increased their price target on shares of Vontier from $45.00 to $51.00 and gave the company a buy rating in a research report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $44.63.

Vontier Stock Performance

VNT stock opened at $32.41 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.23. The business has a 50-day moving average price of $38.72 and a 200 day moving average price of $39.99. The company has a market capitalization of $5.00 billion, a P/E ratio of 11.74, a PEG ratio of 1.05 and a beta of 1.29. Vontier has a 1-year low of $28.84 and a 1-year high of $45.62.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). The firm had revenue of $696.40 million during the quarter, compared to the consensus estimate of $746.43 million. Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 earnings per share. As a group, equities research analysts forecast that Vontier will post 2.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Vontier

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Vontier during the 4th quarter worth approximately $60,612,000. Confluence Investment Management LLC acquired a new stake in shares of Vontier during the 1st quarter worth approximately $27,770,000. LSV Asset Management grew its stake in shares of Vontier by 53.7% during the 4th quarter. LSV Asset Management now owns 1,492,310 shares of the company’s stock worth $51,559,000 after purchasing an additional 521,310 shares during the period. Eldred Rock Partners LLC acquired a new stake in shares of Vontier during the 2nd quarter worth approximately $14,613,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Vontier by 24.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock worth $76,898,000 after purchasing an additional 329,191 shares during the period. 95.83% of the stock is owned by hedge funds and other 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.