Robert W. Baird Issues Positive Forecast for Vontier (NYSE:VNT) Stock Price

Vontier (NYSE:VNT) had its price objective upped by Robert W. Baird from $42.00 to $43.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

VNT has been the subject of several other reports. 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. Citigroup dropped their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Barclays boosted their target price on Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $44.88.

Vontier Trading Up 2.3 %

VNT opened at $40.17 on Tuesday. The stock has a market capitalization of $6.03 billion, a PE ratio of 15.39, a P/E/G ratio of 1.75 and a beta of 1.26. Vontier has a one year low of $31.22 and a one year high of $45.62. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The business’s 50 day moving average price is $37.71 and its 200 day moving average price is $36.19.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The business had revenue of $776.80 million for the quarter. Vontier had a return on equity of 45.48% and a net margin of 13.54%. As a group, equities research analysts expect that Vontier will post 2.88 EPS for the current year.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, March 6th. This represents a $0.10 annualized dividend and a yield of 0.25%. Vontier’s dividend payout ratio (DPR) is presently 3.83%.

Institutional Trading of Vontier

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global X Japan Co. Ltd. lifted its holdings in shares of Vontier by 137.7% during the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock worth $27,000 after acquiring an additional 431 shares during the period. International Assets Investment Management LLC increased its position in Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after purchasing an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new position in Vontier during the third quarter worth approximately $37,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vontier during the 3rd quarter valued at $40,000. Finally, Covestor Ltd grew its holdings in shares of Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company’s stock worth $49,000 after purchasing an additional 395 shares during the period. 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.