Vontier (NYSE:VNT) Price Target Cut to $45.00 by Analysts at Barclays

Vontier (NYSE:VNT - Free Report) had its target price cut by Barclays from $46.00 to $45.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. UBS Group started coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a "buy" rating and a $47.00 target price on the stock. 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. Finally, Citigroup boosted their target price on shares of Vontier from $44.00 to $46.00 and gave the company a "buy" rating in a report on Monday, December 9th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $44.33.

Vontier Stock Down 1.3 %

Shares of VNT traded down $0.48 during trading hours on Wednesday, hitting $36.15. The stock had a trading volume of 577,116 shares, compared to its average volume of 625,843. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. Vontier has a 1-year low of $31.22 and a 1-year high of $45.62. The firm has a 50 day simple moving average of $38.11 and a 200-day simple moving average of $36.35. The firm has a market capitalization of $5.43 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26.

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

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders 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 yield of 0.28%. Vontier's payout ratio is presently 3.83%.

Hedge Funds Weigh In On Vontier

A number of hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC raised its position in Vontier by 2,976.5% in 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 period. Hazlett Burt & Watson Inc. bought a new position in Vontier during the 3rd quarter worth approximately $37,000. Ashton Thomas Private Wealth LLC purchased a new position in Vontier in the 2nd quarter worth approximately $44,000. Wilmington Savings Fund Society FSB bought a new stake in Vontier in the third quarter valued at approximately $40,000. Finally, Covestor Ltd boosted its stake in shares of Vontier by 37.1% during the third quarter. Covestor Ltd now owns 1,461 shares of the company's stock valued at $49,000 after purchasing an additional 395 shares during the period. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

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.