Vontier Co. (NYSE:VNT) Receives Average Recommendation of “Moderate Buy” from Analysts

Vontier Co. (NYSE:VNT) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $44.67.

VNT has been the topic of several research reports. Citigroup decreased their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. UBS Group initiated coverage on Vontier in a report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price on the stock. Barclays upped their price target on Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Thursday, December 12th. Finally, Robert W. Baird raised their target price on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th.

Hedge Funds Weigh In On Vontier

Large investors have recently modified their holdings of the business. Norges Bank purchased a new stake in Vontier in the 4th quarter valued at about $64,869,000. Millennium Management LLC increased its position in shares of Vontier by 659.9% during the fourth quarter. Millennium Management LLC now owns 860,423 shares of the company’s stock valued at $31,380,000 after acquiring an additional 747,196 shares during the last quarter. J. Goldman & Co LP purchased a new stake in shares of Vontier in the 4th quarter valued at approximately $17,478,000. Capital World Investors lifted its holdings in shares of Vontier by 39.4% in the 4th quarter. Capital World Investors now owns 1,128,451 shares of the company’s stock worth $41,155,000 after acquiring an additional 318,775 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Vontier by 821.7% during the 4th quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company’s stock worth $11,731,000 after purchasing an additional 286,774 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Price Performance

NYSE:VNT opened at $33.69 on Friday. The firm has a market cap of $5.01 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. The stock has a 50 day moving average of $36.82 and a two-hundred day moving average of $36.34. Vontier has a 12 month low of $31.22 and a 12 month high of $45.62. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97.

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

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.30%. Vontier’s dividend payout ratio is currently 3.64%.

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.