Vontier (NYSE:VNT) Cut to "Hold" at Argus

Argus cut shares of Vontier (NYSE:VNT - Free Report) from a buy rating to a hold rating in a research report report published on Tuesday, MarketBeat reports.

A number of other brokerages have also recently issued reports on VNT. Barclays decreased their price objective on shares of Vontier from $50.00 to $44.00 and set an overweight rating for the company in a report on Monday, August 5th. Evercore ISI lowered their price objective on Vontier from $45.00 to $40.00 and set an outperform rating for the company in a research report on Monday. Finally, Robert W. Baird dropped their price target on Vontier from $44.00 to $42.00 and set a neutral rating on the stock in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $44.25.

Vontier Stock Down 1.1 %

Shares of NYSE VNT traded down $0.37 on Tuesday, hitting $34.30. The company had a trading volume of 681,224 shares, compared to its average volume of 769,596. The firm has a market capitalization of $5.27 billion, a P/E ratio of 12.43, a PEG ratio of 1.50 and a beta of 1.29. The business has a 50 day moving average of $37.52 and a two-hundred day moving average of $39.88. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 2.14. Vontier has a 12-month low of $28.84 and a 12-month high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.08). Vontier had a return on equity of 49.17% and a net margin of 13.43%. The business had revenue of $696.40 million during the quarter, compared to the consensus estimate of $746.43 million. During the same period in the previous year, the company posted $0.67 EPS. The company's revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, equities research analysts forecast that Vontier will post 2.88 earnings per share for the current fiscal year.

Vontier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.10 annualized dividend and a yield of 0.29%. Vontier's dividend payout ratio (DPR) is currently 3.62%.

Institutional Trading of Vontier

A number of large investors have recently added to or reduced their stakes in VNT. Nordea Investment Management AB boosted its stake in Vontier by 83.7% during the first quarter. Nordea Investment Management AB now owns 209,648 shares of the company's stock valued at $9,459,000 after buying an additional 95,549 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Vontier by 17.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 108,902 shares of the company's stock worth $4,941,000 after purchasing an additional 16,305 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Vontier by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 2,289,016 shares of the company's stock valued at $79,086,000 after purchasing an additional 22,029 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Vontier by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,197,762 shares of the company's stock worth $75,935,000 after acquiring an additional 178,560 shares during the period. Finally, Confluence Investment Management LLC purchased a new stake in Vontier during the first quarter valued at $27,770,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

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.