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

Vontier Co. (NYSE:VNT) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $44.50.

Several research analysts have recently issued reports on VNT shares. Evercore ISI decreased their price objective on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Barclays boosted their price objective on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Robert W. Baird decreased their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th.

Vontier Stock Down 0.5 %

VNT stock opened at $38.94 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The firm’s 50-day simple moving average is $34.71 and its 200 day simple moving average is $36.86. The stock has a market cap of $5.85 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Vontier has a fifty-two week low of $31.22 and a fifty-two week high of $45.62.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that Vontier will post 2.89 EPS for the current year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier’s dividend payout ratio (DPR) is currently 3.83%.

Hedge Funds Weigh In On Vontier

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC lifted its holdings in shares of Vontier by 1,414.9% in the third quarter. Verition Fund Management LLC now owns 159,865 shares of the company’s stock valued at $5,394,000 after purchasing an additional 149,312 shares in the last quarter. Icon Wealth Advisors LLC lifted its stake in Vontier by 10.9% in the 3rd quarter. Icon Wealth Advisors LLC now owns 11,750 shares of the company’s stock worth $396,000 after acquiring an additional 1,155 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Vontier by 0.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 459,835 shares of the company’s stock worth $15,515,000 after acquiring an additional 3,336 shares in the last quarter. FORA Capital LLC boosted its position in Vontier by 184.2% during the 3rd quarter. FORA Capital LLC now owns 19,552 shares of the company’s stock worth $660,000 after acquiring an additional 12,673 shares during the period. Finally, Bridgewater Associates LP grew its stake in Vontier by 153.6% during the 3rd quarter. Bridgewater Associates LP now owns 102,747 shares of the company’s stock valued at $3,467,000 after acquiring an additional 62,229 shares in the last quarter. 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.