Robert W. Baird Forecasts Strong Price Appreciation for Vontier (NYSE:VNT) Stock

Vontier (NYSE:VNT - Free Report) had its price target upped by Robert W. Baird from $42.00 to $43.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Citigroup cut their price objective on shares of Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Barclays upped their price objective on shares of Vontier from $45.00 to $46.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. UBS Group started coverage on shares of Vontier in a report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price objective on the stock. Finally, Wolfe Research upgraded 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Vontier currently has an average rating of "Moderate Buy" and a consensus target price of $45.43.

Vontier Trading Down 2.2 %

VNT stock traded down $0.87 during trading on Tuesday, reaching $37.76. The company had a trading volume of 1,645,229 shares, compared to its average volume of 769,413. Vontier has a 52 week low of $31.22 and a 52 week high of $45.62. The company has a market cap of $5.61 billion, a P/E ratio of 13.73, a PEG ratio of 1.28 and a beta of 1.26. The business has a 50 day moving average of $37.67 and a 200 day moving average of $36.27. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. As a group, sell-side analysts forecast that Vontier will post 3.13 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Thursday, March 6th. Vontier's payout ratio is 3.64%.

Institutional Investors Weigh In On Vontier

A number of institutional investors have recently made changes to their positions in VNT. Global X Japan Co. Ltd. grew its holdings in shares of Vontier by 137.7% during the fourth quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock valued at $27,000 after buying an additional 431 shares during the last quarter. International Assets Investment Management LLC lifted its position in Vontier by 2,976.5% during the third quarter. International Assets Investment Management LLC now owns 1,046 shares of the company's stock valued at $35,000 after purchasing an additional 1,012 shares during the period. Hazlett Burt & Watson Inc. bought a new position in Vontier during the third quarter valued at approximately $37,000. Wilmington Savings Fund Society FSB bought a new position in Vontier during the third quarter valued at approximately $40,000. Finally, Covestor Ltd lifted its position 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 period. Hedge funds and other institutional investors own 95.83% of the company's stock.

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.