Vontier Co. (NYSE:VNT) Receives $44.50 Average Price Target from Brokerages

Vontier Co. (NYSE:VNT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $44.50.

Several equities analysts recently weighed in on VNT shares. Argus downgraded Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Evercore ISI dropped their price target on Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Finally, Barclays upped their price target on Vontier from $44.00 to $46.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its holdings in Vontier by 2,976.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company's stock worth $35,000 after buying an additional 1,012 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in Vontier during the 3rd quarter worth approximately $37,000. Wilmington Savings Fund Society FSB bought a new position in Vontier during the 3rd quarter worth approximately $40,000. Ashton Thomas Private Wealth LLC bought a new position in Vontier during the 2nd quarter worth approximately $44,000. Finally, Covestor Ltd lifted its holdings in Vontier by 37.1% during the 3rd quarter. Covestor Ltd now owns 1,461 shares of the company's stock worth $49,000 after buying an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Price Performance

Shares of NYSE:VNT traded down $0.57 on Thursday, hitting $38.51. The company had a trading volume of 443,116 shares, compared to its average volume of 805,206. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. Vontier has a 52-week low of $31.22 and a 52-week high of $45.62. The business has a 50 day moving average of $36.50 and a 200 day moving average of $36.68. The company has a market cap of $5.78 billion, a PE ratio of 14.75, a PEG ratio of 1.82 and a beta of 1.24.

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

Vontier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Thursday, November 21st. Vontier's dividend payout ratio is currently 3.83%.

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.