Vontier (NYSE:VNT) Price Target Cut to $40.00 by Analysts at Evercore ISI

Vontier (NYSE:VNT) had its price target cut by Evercore ISI from $45.00 to $40.00 in a report issued on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also commented on the company. Barclays cut their price objective on Vontier from $50.00 to $44.00 and set an overweight rating on the stock in a research note on Monday, August 5th. Robert W. Baird dropped their price target on shares of Vontier from $44.00 to $42.00 and set a neutral rating on the stock in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $44.25.

Vontier Trading Up 1.5 %

VNT opened at $34.67 on Monday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26. Vontier has a fifty-two week low of $28.84 and a fifty-two week high of $45.62. The company’s 50 day moving average price is $37.59 and its two-hundred day moving average price is $39.89. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.48 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 analysts’ consensus estimates of $0.71 by ($0.08). The company had revenue of $696.40 million during the quarter, compared to analyst estimates of $746.43 million. Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business’s revenue for the quarter 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. As a group, research analysts predict that Vontier will post 2.88 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Vontier in the fourth quarter valued at $60,612,000. Massachusetts Financial Services Co. MA grew its stake in shares of Vontier by 305.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock valued at $34,473,000 after buying an additional 679,651 shares during the period. Confluence Investment Management LLC bought a new stake in Vontier in the 1st quarter valued at about $27,770,000. LSV Asset Management raised its stake in Vontier by 53.7% during the 4th quarter. LSV Asset Management now owns 1,492,310 shares of the company’s stock worth $51,559,000 after buying an additional 521,310 shares during the period. Finally, Stanley Capital Management LLC bought a new position in Vontier in the second quarter worth approximately $17,954,000. Institutional investors and hedge funds 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.