Barclays Raises Vontier (NYSE:VNT) Price Target to $46.00

Vontier (NYSE:VNT) had its price target upped by equities research analysts at Barclays from $44.00 to $46.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 14.94% from the company’s previous close.

Other analysts have also recently issued reports about the company. Robert W. Baird reduced their price target on Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Argus downgraded Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Evercore ISI lowered their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.50.

Vontier Stock Performance

NYSE:VNT opened at $40.02 on Tuesday. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The firm’s fifty day moving average price is $34.05 and its 200 day moving average price is $36.86. Vontier has a 1-year low of $31.22 and a 1-year high of $45.62.

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

Institutional Investors Weigh In On Vontier

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Vontier by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company’s stock valued at $98,011,000 after acquiring an additional 277,389 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Vontier by 9.8% in the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company’s stock valued at $97,078,000 after purchasing an additional 227,388 shares in the last quarter. River Road Asset Management LLC boosted its stake in shares of 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 purchasing an additional 415,750 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of Vontier by 2.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,943,778 shares of the company’s stock worth $74,252,000 after buying an additional 44,254 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of Vontier by 3.7% in the second quarter. LSV Asset Management now owns 1,716,847 shares of the company’s stock valued at $65,584,000 after buying an additional 61,526 shares during the last quarter. Hedge funds and other institutional investors 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.