Citigroup Lowers Vontier (NYSE:VNT) Price Target to $44.00

Vontier (NYSE:VNT) had its price objective reduced by investment analysts at Citigroup from $46.00 to $44.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 21.08% from the company’s previous close.

Other equities analysts have also issued research reports about the company. UBS Group started coverage on Vontier in a report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective on the stock. Barclays dropped their price target on Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Vontier presently has an average rating of “Moderate Buy” and an average price target of $44.63.

Vontier Stock Performance

Shares of VNT opened at $36.34 on Monday. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26. Vontier has a 52-week low of $31.22 and a 52-week high of $45.62. 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 stock has a 50 day moving average price of $38.02 and a 200 day moving average price of $36.26.

Vontier (NYSE:VNT) last issued its earnings results 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. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The business had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. During the same quarter in the prior year, the business posted $0.73 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Research analysts predict that Vontier will post 2.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its stake in shares of Vontier by 305.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 902,432 shares of the company’s stock worth $34,473,000 after purchasing an additional 679,651 shares during the last quarter. Stanley Capital Management LLC acquired a new position in Vontier in the 2nd quarter valued at $17,954,000. River Road Asset Management LLC raised its position in Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock worth $79,510,000 after buying an additional 415,750 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Vontier by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock worth $98,011,000 after acquiring an additional 277,389 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Vontier by 9.8% in the second quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock valued at $97,078,000 after acquiring an additional 227,388 shares in the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

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.