Barclays Cuts Vontier (NYSE:VNT) Price Target to $45.00

Vontier (NYSE:VNT - Free Report) had its price target trimmed by Barclays from $46.00 to $45.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the company. Citigroup lowered their price target on Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Monday, January 13th. 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 research report on Thursday, December 12th. Robert W. Baird increased their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Finally, UBS Group initiated coverage on shares of Vontier in a report on Tuesday, December 10th. They set a "buy" rating and a $47.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Vontier currently has a consensus rating of "Moderate Buy" and an average price target of $44.50.

Vontier Trading Down 2.3 %

Shares of NYSE:VNT traded down $0.77 during midday trading on Wednesday, reaching $32.77. The company had a trading volume of 823,382 shares, compared to its average volume of 845,316. The company has a fifty day simple moving average of $36.53 and a two-hundred day simple moving average of $36.40. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. Vontier has a 1-year low of $31.22 and a 1-year high of $45.62. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51.

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Vontier (NYSE:VNT - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The company had revenue of $776.80 million during the quarter. Research analysts predict that Vontier will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.31%. Vontier's payout ratio is currently 3.64%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. lifted its stake in shares of Vontier by 2.2% in the fourth quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company's stock valued at $448,000 after buying an additional 270 shares during the period. Foundry Partners LLC lifted its position in shares of Vontier by 1.9% in the 4th quarter. Foundry Partners LLC now owns 17,304 shares of the company's stock worth $631,000 after acquiring an additional 324 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Vontier by 5.0% during the 4th quarter. Quadrant Capital Group LLC now owns 7,049 shares of the company's stock worth $257,000 after purchasing an additional 338 shares in the last quarter. Bailard Inc. increased its position in shares of Vontier by 0.6% during the fourth quarter. Bailard Inc. now owns 61,207 shares of the company's stock valued at $2,232,000 after purchasing an additional 356 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in shares of Vontier by 9.7% in the third quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company's stock valued at $154,000 after purchasing an additional 404 shares in the last quarter. 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.