Vontier (NYSE:VNT – Free Report) had its target price reduced by Citigroup from $46.00 to $44.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.
Other equities research analysts have also issued reports about the stock. Barclays lowered their price target on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research report on Thursday, December 12th. Finally, UBS Group assumed coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price target for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and an average price target of $44.63.
Check Out Our Latest Stock Report on Vontier
Vontier Trading Down 0.6 %
Vontier (NYSE:VNT – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.73 EPS 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 analyst estimates of $729.23 million. During the same period in the previous year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, research analysts anticipate that Vontier will post 2.89 EPS for the current fiscal year.
Vontier Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.10 annualized dividend and a yield of 0.28%. Vontier’s dividend payout ratio is 3.83%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in VNT. International Assets Investment Management LLC increased its position in Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after buying an additional 1,012 shares during the period. Hazlett Burt & Watson Inc. acquired a new position in shares of Vontier in the third quarter valued at about $37,000. Wilmington Savings Fund Society FSB bought a new position in Vontier during the third quarter worth about $40,000. Ashton Thomas Private Wealth LLC acquired a new stake in Vontier in the 2nd quarter worth about $44,000. Finally, Covestor Ltd boosted its holdings in Vontier by 37.1% in the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after purchasing an additional 395 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.
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.
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