Evercore ISI Lowers Vontier (NYSE:VNT) Price Target to $40.00

Vontier (NYSE:VNT) had its target price cut by analysts at Evercore ISI from $45.00 to $40.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 16.62% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Barclays reduced their price objective on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Robert W. Baird reduced 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, August 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.25.

Vontier Trading Down 1.1 %

Shares of VNT stock opened at $34.30 on Monday. The stock has a fifty day simple moving average of $37.52 and a two-hundred day simple moving average of $39.88. Vontier has a 52-week low of $28.84 and a 52-week high of $45.62. The firm has a market capitalization of $5.27 billion, a PE ratio of 12.43, a PEG ratio of 1.50 and a beta of 1.29. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69.

Vontier (NYSE:VNT) last released its earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.08). Vontier had a return on equity of 49.17% and a net margin of 13.43%. The business had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $746.43 million. During the same quarter in the prior year, the business posted $0.67 EPS. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, analysts predict that Vontier will post 2.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Vontier

A number of hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC grew its stake in shares of Vontier by 4.4% in the 4th quarter. Quadrant Capital Group LLC now owns 7,919 shares of the company’s stock worth $274,000 after buying an additional 335 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Vontier by 2.1% in the 4th quarter. Hillsdale Investment Management Inc. now owns 17,250 shares of the company’s stock valued at $596,000 after acquiring an additional 350 shares during the last quarter. Ritholtz Wealth Management grew its position in Vontier by 3.3% in the second quarter. Ritholtz Wealth Management now owns 13,129 shares of the company’s stock worth $502,000 after acquiring an additional 420 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Vontier by 6.2% during the second quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company’s stock worth $295,000 after acquiring an additional 448 shares during the last quarter. Finally, Creative Planning raised its position in Vontier by 2.8% during the second quarter. Creative Planning now owns 17,918 shares of the company’s stock valued at $684,000 after purchasing an additional 491 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

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.