Vontier (NYSE:VNT) Rating Lowered to Hold at Argus

Argus downgraded shares of Vontier (NYSE:VNT) from a buy rating to a hold rating in a report released on Tuesday, MarketBeat Ratings reports.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird cut their price target on shares of Vontier from $44.00 to $42.00 and set a neutral rating for the company in a research note on Friday, August 2nd. Barclays decreased their price objective on shares of Vontier from $50.00 to $44.00 and set an overweight rating on the stock in a research note on Monday, August 5th. Finally, Evercore ISI reduced their price target on shares of Vontier from $45.00 to $40.00 and set an outperform rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $44.25.

Vontier Trading Down 1.2 %

Shares of VNT stock opened at $34.39 on Tuesday. The business’s 50 day moving average is $37.35 and its two-hundred day moving average is $39.80. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 2.14. Vontier has a 12 month low of $28.84 and a 12 month high of $45.62. The company has a market cap of $5.31 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.29.

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

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.29%. Vontier’s dividend payout ratio (DPR) is presently 3.62%.

Hedge Funds Weigh In On Vontier

Several institutional investors have recently modified their holdings of VNT. Rise Advisors LLC bought a new stake in Vontier in the 1st quarter valued at approximately $27,000. Opal Wealth Advisors LLC acquired a new position in Vontier in the 1st quarter valued at about $30,000. Riverview Trust Co acquired a new position in shares of Vontier in the first quarter valued at approximately $33,000. ORG Partners LLC bought a new stake in shares of Vontier in the first quarter valued at about $35,000. Finally, Headlands Technologies LLC acquired a new position in shares of Vontier during the 1st quarter worth approximately $46,000. Institutional investors 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.