Brokerages Set Vontier Co. (NYSE:VNT) PT at $45.00

Shares of Vontier Co. (NYSE:VNT) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $45.00.

A number of research analysts recently commented on the stock. Argus increased their target price on shares of Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Citigroup raised their price objective on Vontier from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, April 8th.

Vontier Stock Up 1.0 %

Shares of NYSE VNT opened at $38.28 on Friday. The business has a 50-day moving average of $39.63 and a two-hundred day moving average of $39.28. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29. Vontier has a 1 year low of $28.84 and a 1 year high of $45.62. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.57 and a quick ratio of 1.23.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, May 2nd. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $755.80 million during the quarter, compared to analysts’ expectations of $754.50 million. Vontier had a return on equity of 54.84% and a net margin of 14.02%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, analysts forecast that Vontier will post 3.15 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 6th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, June 6th. Vontier’s payout ratio is currently 3.62%.

Institutional Investors Weigh In On Vontier

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Olstein Capital Management L.P. acquired a new position in Vontier in the 4th quarter valued at about $3,662,000. Assenagon Asset Management S.A. acquired a new position in shares of Vontier in the fourth quarter valued at approximately $2,192,000. Mutual of America Capital Management LLC increased its holdings in shares of Vontier by 71.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 172,197 shares of the company’s stock valued at $5,949,000 after purchasing an additional 71,515 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Vontier by 89.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 54,290 shares of the company’s stock worth $1,678,000 after purchasing an additional 25,632 shares during the period. Finally, Segment Wealth Management LLC purchased a new position in Vontier in the 4th quarter valued at $900,000. 95.83% of the stock is owned by hedge funds and other institutional investors.

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.