Brokerages Set Vontier Co. (NYSE:VNT) Target Price at $44.50

Vontier Co. (NYSE:VNT) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $43.17.

A number of equities analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Barclays cut their price target on Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Finally, Citigroup decreased their price objective on Vontier from $45.00 to $36.00 and set a “buy” rating on the stock in a report on Monday.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in shares of Vontier by 2,814.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company’s stock valued at $10,164,000 after acquiring an additional 272,166 shares during the period. Proficio Capital Partners LLC acquired a new stake in Vontier in the 4th quarter valued at $508,000. Integrated Investment Consultants LLC raised its position in Vontier by 14.7% in the fourth quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company’s stock valued at $2,461,000 after purchasing an additional 8,657 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Vontier during the fourth quarter worth about $2,918,000. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Vontier by 48.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company’s stock worth $888,000 after buying an additional 7,909 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

Shares of NYSE:VNT opened at $30.23 on Wednesday. Vontier has a one year low of $27.22 and a one year high of $41.73. The stock has a market cap of $4.50 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.23 and a beta of 1.28. The business’s fifty day moving average price is $34.30 and its two-hundred day moving average price is $36.10. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The business had revenue of $776.80 million for the quarter. On average, analysts forecast that Vontier will post 3.13 EPS for the current fiscal year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Thursday, March 6th. Vontier’s payout ratio is currently 3.64%.

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.