Vontier Co. (NYSE:VNT) Given Average Rating of “Moderate Buy” by Analysts

Vontier Co. (NYSE:VNT) has been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $44.63.

Several equities research analysts recently issued reports on the company. Citigroup dropped their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. UBS Group initiated coverage on Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 price target for the company. Barclays dropped their price target on Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research note on Thursday, December 12th.

Vontier Price Performance

NYSE:VNT opened at $38.00 on Friday. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.73 and a beta of 1.26. Vontier has a 52-week low of $31.22 and a 52-week high of $45.62. The stock has a fifty day moving average of $37.77 and a 200 day moving average of $36.24. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04. The company had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. On average, research analysts expect that Vontier will post 2.88 EPS for the current fiscal year.

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a $0.025 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.26%. Vontier’s payout ratio is currently 3.83%.

Hedge Funds Weigh In On Vontier

A number of hedge funds have recently modified their holdings of the company. Global X Japan Co. Ltd. boosted its holdings in Vontier by 137.7% in the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock valued at $27,000 after acquiring an additional 431 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Vontier by 2,976.5% in the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock valued at $35,000 after acquiring an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in Vontier in the third quarter valued at $37,000. Wilmington Savings Fund Society FSB bought a new stake in Vontier in the third quarter valued at $40,000. Finally, Covestor Ltd boosted its holdings in Vontier by 37.1% in the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after acquiring an additional 395 shares in the last quarter. 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.