Vontier (NYSE:VNT) Price Target Cut to $44.00 by Analysts at Barclays

Vontier (NYSE:VNT) had its price target decreased by Barclays from $50.00 to $44.00 in a research report released on Monday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Other analysts have also issued reports about the company. Citigroup lifted their target price on Vontier from $45.00 to $51.00 and gave the stock a buy rating in a research report on Monday, April 8th. 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $45.13.

Vontier Trading Up 2.2 %

NYSE:VNT opened at $33.41 on Monday. Vontier has a 12 month low of $28.84 and a 12 month high of $45.62. The firm has a market capitalization of $5.14 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.26. The business’s 50-day moving average is $38.35 and its two-hundred day moving average is $39.88.

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

Hedge Funds Weigh In On Vontier

A number of hedge funds and other institutional investors have recently bought and sold shares of VNT. Norges Bank acquired a new position in Vontier in the fourth quarter valued at approximately $60,612,000. Confluence Investment Management LLC acquired a new position in Vontier in the first quarter valued at approximately $27,770,000. LSV Asset Management boosted its stake in Vontier by 53.7% in the fourth quarter. LSV Asset Management now owns 1,492,310 shares of the company’s stock valued at $51,559,000 after acquiring an additional 521,310 shares during the period. Eldred Rock Partners LLC acquired a new position in Vontier in the second quarter valued at approximately $14,613,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Vontier by 24.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,695,280 shares of the company’s stock valued at $76,898,000 after acquiring an additional 329,191 shares during the period. 95.83% of the stock is currently 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.