Vontier (NYSE:VNT) Price Target Raised to $46.00

Vontier (NYSE:VNT - Free Report) had its price objective upped by Barclays from $44.00 to $46.00 in a report issued on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

VNT has been the topic of a number of other research reports. Evercore ISI cut their price target on Vontier from $45.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Robert W. Baird cut their price target on Vontier from $44.00 to $42.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Finally, Argus lowered shares of Vontier from a "buy" rating to a "hold" rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Vontier currently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

Vontier Stock Performance

NYSE VNT traded up $0.93 during trading hours on Tuesday, reaching $38.01. The company's stock had a trading volume of 1,094,543 shares, compared to its average volume of 797,045. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. The business has a 50-day simple moving average of $33.99 and a 200 day simple moving average of $36.88. Vontier has a 52 week low of $31.22 and a 52 week high of $45.62. The stock has a market cap of $5.71 billion, a PE ratio of 14.56, a PEG ratio of 1.73 and a beta of 1.25.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm had revenue of $750.00 million for the quarter, compared to analysts' expectations of $729.23 million. During the same quarter last year, the company posted $0.73 earnings per share. Vontier'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 fiscal year.

Vontier Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, September 5th. Vontier's dividend payout ratio (DPR) is currently 3.83%.

Hedge Funds Weigh In On Vontier

Several institutional investors and hedge funds have recently modified their holdings of the stock. Aigen Investment Management LP bought a new position in Vontier during the third quarter valued at about $1,090,000. Covestor Ltd grew its holdings in 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 last quarter. Atria Investments Inc raised its position in shares of Vontier by 5.4% in the third quarter. Atria Investments Inc now owns 14,083 shares of the company's stock valued at $475,000 after purchasing an additional 718 shares during the period. Olstein Capital Management L.P. lifted its stake in shares of Vontier by 50.5% in the third quarter. Olstein Capital Management L.P. now owns 307,000 shares of the company's stock worth $10,358,000 after buying an additional 103,000 shares during the last quarter. Finally, Foster & Motley Inc. boosted its holdings in shares of Vontier by 227.8% during the 3rd quarter. Foster & Motley Inc. now owns 46,327 shares of the company's stock worth $1,563,000 after buying an additional 32,193 shares during the period. 95.83% of the stock is currently owned by hedge funds and other 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.