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

Vontier Co. (NYSE:VNT) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $44.44.

A number of brokerages have weighed in on VNT. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Thursday, December 12th. Citigroup lifted their price objective on Vontier from $44.00 to $46.00 and gave the company a “buy” rating in a report on Monday, December 9th. Barclays increased their target price on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, UBS Group began coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price target for the company.

Institutional Trading of Vontier

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd raised its stake in Vontier by 37.1% in the third quarter. Covestor Ltd now owns 1,461 shares of the company’s stock valued at $49,000 after buying an additional 395 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Vontier by 9.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock valued at $154,000 after purchasing an additional 404 shares during the last quarter. Blue Trust Inc. boosted its stake in Vontier by 10.9% in the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock worth $141,000 after purchasing an additional 410 shares in the last quarter. Ritholtz Wealth Management grew its position in Vontier by 3.3% during the 2nd quarter. Ritholtz Wealth Management now owns 13,129 shares of the company’s stock worth $502,000 after purchasing an additional 420 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its stake in Vontier by 6.2% during the 2nd quarter. Benjamin Edwards Inc. now owns 7,729 shares of the company’s stock valued at $295,000 after purchasing an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Stock Down 2.0 %

NYSE:VNT opened at $36.61 on Monday. The stock has a fifty day simple moving average of $37.78 and a 200-day simple moving average of $36.47. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. Vontier has a twelve month low of $31.22 and a twelve month high of $45.62.

Vontier (NYSE:VNT) last released its quarterly earnings data 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 company had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $729.23 million. During the same period in the previous year, the company earned $0.73 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts anticipate that Vontier will post 2.89 EPS for the current year.

Vontier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.27%. Vontier’s dividend payout ratio (DPR) is presently 3.83%.

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.