Barclays Increases Vontier (NYSE:VNT) Price Target to $46.00

Vontier (NYSE:VNT) had its target price lifted by Barclays from $44.00 to $46.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently commented on VNT. Robert W. Baird lowered 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. Evercore ISI decreased their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Vontier Stock Up 1.1 %

VNT stock opened at $40.45 on Tuesday. The company has a 50 day moving average of $34.16 and a two-hundred day moving average of $36.89. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier has a 12-month low of $31.22 and a 12-month high of $45.62. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.87 and a beta of 1.25.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. During the same period last year, the company earned $0.73 earnings per share. Vontier’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Vontier will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, November 21st. Vontier’s dividend payout ratio is 3.83%.

Institutional Trading of Vontier

Several large investors have recently modified their holdings of VNT. ORG Partners LLC acquired a new position in Vontier during the 1st quarter worth $35,000. International Assets Investment Management LLC lifted its position in shares of Vontier by 2,976.5% during the 3rd 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. bought a new stake in Vontier during the 3rd quarter valued at approximately $37,000. Ashton Thomas Private Wealth LLC acquired a new stake in Vontier in the 2nd quarter valued at approximately $44,000. Finally, Headlands Technologies LLC bought a new position in Vontier in the 1st quarter worth approximately $46,000. 95.83% of the stock is owned by 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.