Vontier (NYSE:VNT) Given New $36.00 Price Target at Citigroup

Vontier (NYSE:VNT) had its price objective cut by analysts at Citigroup from $45.00 to $36.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 18.93% from the company’s current price.

Several other equities analysts have also issued reports on the company. Robert W. Baird boosted their price target on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Barclays reduced their target price on Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.17.

Vontier Stock Performance

Shares of VNT stock traded up $0.33 during trading hours on Monday, reaching $30.27. 981,743 shares of the company’s stock were exchanged, compared to its average volume of 865,274. Vontier has a fifty-two week low of $27.22 and a fifty-two week high of $42.04. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $4.50 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.23 and a beta of 1.28. The business has a fifty day moving average price of $34.64 and a 200-day moving average price of $36.17.

Vontier (NYSE:VNT) last released its earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $776.80 million during the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. Analysts predict that Vontier will post 3.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Vontier

Institutional investors and hedge funds have recently made changes to their positions in the company. Park Avenue Securities LLC lifted its holdings in Vontier by 14.3% during the 1st quarter. Park Avenue Securities LLC now owns 10,297 shares of the company’s stock valued at $338,000 after purchasing an additional 1,286 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Vontier by 229.8% in the 1st quarter. UMB Bank n.a. now owns 2,704 shares of the company’s stock worth $89,000 after acquiring an additional 1,884 shares in the last quarter. Sendero Wealth Management LLC acquired a new stake in Vontier during the 1st quarter valued at $206,000. Eldred Rock Partners LLC raised its position in Vontier by 11.2% in the 1st quarter. Eldred Rock Partners LLC now owns 446,364 shares of the company’s stock valued at $14,655,000 after purchasing an additional 45,011 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in Vontier by 10.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 6,725 shares of the company’s stock worth $221,000 after purchasing an additional 620 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

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.