Vontier Co. (NYSE:VNT) Receives $41.43 Consensus Price Target from Analysts

Vontier Co. (NYSE:VNT) has received an average rating of “Buy” from the eight analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $41.43.

A number of brokerages recently commented on VNT. Argus reissued a “buy” rating and set a $39.00 price target on shares of Vontier in a research note on Friday, November 26th. Zacks Investment Research downgraded Vontier from a “hold” rating to a “sell” rating in a report on Friday, January 7th.

A number of hedge funds and other institutional investors have recently made changes to their positions in VNT. Louisiana State Employees Retirement System lifted its holdings in shares of Vontier by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,500 shares of the company’s stock valued at $1,337,000 after acquiring an additional 400 shares in the last quarter. 44 Wealth Management LLC acquired a new stake in shares of Vontier in the 4th quarter worth approximately $1,161,000. Crossmark Global Holdings Inc. raised its holdings in shares of Vontier by 27.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 14,701 shares of the company’s stock valued at $452,000 after acquiring an additional 3,190 shares during the period. UBS Asset Management Americas Inc. increased its stake in Vontier by 2.0% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 292,803 shares of the company’s stock valued at $9,838,000 after buying an additional 5,636 shares during the period. Finally, Comerica Bank grew its position in Vontier by 85.3% in the third quarter. Comerica Bank now owns 180,320 shares of the company’s stock worth $6,162,000 after acquiring an additional 83,024 shares in the last quarter. Hedge funds and other institutional investors own 90.53% of the company’s stock.

Vontier stock traded down $0.56 during mid-day trading on Friday, reaching $29.93. 32,598 shares of the stock traded hands, compared to its average volume of 1,501,392. The stock has a market capitalization of $5.06 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.52 and a beta of 1.09. The company has a debt-to-equity ratio of 5.44, a current ratio of 1.51 and a quick ratio of 1.21. Vontier has a 12-month low of $28.55 and a 12-month high of $37.08. The business’s 50-day moving average is $31.57 and its 200-day moving average is $33.04.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, November 4th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. The business had revenue of $768.50 million during the quarter, compared to analysts’ expectations of $748.77 million. Vontier had a return on equity of 154.60% and a net margin of 14.51%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 earnings per share. Equities analysts anticipate that Vontier will post 2.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 23rd. Investors of record on Thursday, December 2nd were given a $0.025 dividend. The ex-dividend date was Wednesday, December 1st. This represents a $0.10 dividend on an annualized basis and a yield of 0.33%. Vontier’s payout ratio is currently 3.88%.

Vontier Company Profile

Vontier Corporation engages in the research and development, manufacture, sale, and distribution of critical technical equipment, components, software, and services for manufacturing, repair, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, remote management and workflow software, and vehicle tracking and fleet management software solutions for traffic light control and vehicle mechanics', and technicians' equipment.

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Analyst Recommendations for Vontier (NYSE:VNT)

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