Vontier Co. (NYSE:VNT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Vontier Co. (NYSE:VNT) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $44.44.

A number of brokerages have issued reports on VNT. Citigroup increased their target price on shares of Vontier from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Barclays increased their price target on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. UBS Group started coverage on Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective on the stock. Finally, Wolfe Research upgraded 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Vontier during the third quarter worth $40,000. Sanctuary Advisors LLC acquired a new stake in shares of Vontier during the 3rd quarter valued at $505,000. TD Private Client Wealth LLC grew its position in Vontier by 9.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock worth $154,000 after acquiring an additional 404 shares during the last quarter. Geode Capital Management LLC increased its holdings in Vontier by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock worth $86,776,000 after purchasing an additional 18,091 shares in the last quarter. Finally, Barclays PLC raised its position in Vontier by 133.9% in the third quarter. Barclays PLC now owns 100,836 shares of the company’s stock valued at $3,402,000 after purchasing an additional 57,728 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

Vontier Price Performance

Shares of NYSE VNT opened at $36.72 on Monday. The business’s 50 day moving average is $37.97 and its 200-day moving average is $36.43. The firm has a market cap of $5.52 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. Vontier has a 1-year low of $31.22 and a 1-year high of $45.62. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The company had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. During the same quarter last year, the firm earned $0.73 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. Equities research analysts predict that Vontier will post 2.89 earnings per share for the current year.

Vontier Announces Dividend

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