Vontier (NYSE:VNT) Shares Gap Down Following Weak Earnings

Vontier Co. (NYSE:VNT)’s stock price gapped down before the market opened on Thursday following a dissappointing earnings announcement. The stock had previously closed at $39.23, but opened at $34.01. Vontier shares last traded at $34.13, with a volume of 406,010 shares changing hands.

The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). The company had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. The company’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VNT shares. Citigroup increased their price objective on shares of Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Robert W. Baird cut their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.63.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Vontier in the fourth quarter valued at approximately $499,000. Raymond James & Associates grew its position in Vontier by 2.2% in the fourth quarter. Raymond James & Associates now owns 286,287 shares of the company’s stock valued at $9,891,000 after acquiring an additional 6,038 shares in the last quarter. International Assets Investment Management LLC grew its position in Vontier by 3,355.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,313 shares of the company’s stock valued at $45,000 after acquiring an additional 1,275 shares in the last quarter. Harvey Investment Co. LLC acquired a new stake in Vontier in the fourth quarter valued at approximately $245,000. Finally, New York State Teachers Retirement System grew its position in Vontier by 13.0% in the fourth quarter. New York State Teachers Retirement System now owns 190,441 shares of the company’s stock valued at $6,580,000 after acquiring an additional 21,965 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

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 company’s 50-day simple moving average is $38.88 and its 200-day simple moving average is $39.92. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 1.12 and a beta of 1.29.

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.