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

Vontier Co. (NYSE:VNT) has earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $44.25.

Several research analysts have recently weighed in on VNT shares. Barclays reduced their price objective on Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Evercore ISI dropped their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Robert W. Baird decreased their price target 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 lowered Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th.

Institutional Investors Weigh In On Vontier

Hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC bought a new position in shares of Vontier during the first quarter worth approximately $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Vontier during the first quarter worth $30,000. Riverview Trust Co bought a new stake in shares of Vontier in the first quarter valued at about $33,000. ORG Partners LLC acquired a new position in shares of Vontier in the first quarter valued at about $35,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Vontier during the second quarter worth about $44,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Trading Down 2.3 %

Shares of NYSE VNT opened at $33.24 on Friday. The company’s fifty day moving average is $35.25 and its 200-day moving average is $38.90. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 2.14. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 1.47 and a beta of 1.28. Vontier has a twelve month low of $28.84 and a twelve month high of $45.62.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The business had revenue of $696.40 million for the quarter, compared to analyst estimates of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. Equities research analysts predict that Vontier will post 2.88 EPS for the current year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be given a $0.025 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. Vontier’s payout ratio is 3.62%.

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.