Citigroup Lowers Vontier (NYSE:VNT) Price Target to $44.00

Vontier (NYSE:VNT - Free Report) had its price target lowered by Citigroup from $46.00 to $44.00 in a research report report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Barclays lowered their target price on Vontier from $46.00 to $45.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. UBS Group started coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a "buy" rating and a $47.00 price target for the company. Finally, Wolfe Research upgraded shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 target price for the company in a report on Thursday, December 12th. 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $44.63.

Vontier Trading Down 0.6 %

Shares of NYSE VNT traded down $0.22 during mid-day trading on Monday, hitting $35.75. The stock had a trading volume of 609,010 shares, compared to its average volume of 638,687. The firm has a market cap of $5.37 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The business has a 50 day moving average price of $38.08 and a two-hundred day moving average price of $36.29. Vontier has a 1 year low of $31.22 and a 1 year high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $729.23 million. During the same period in the previous year, the firm earned $0.73 earnings per share. The business's revenue was down 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Vontier will post 2.89 EPS for the current fiscal year.

Vontier Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Thursday, November 21st. Vontier's dividend payout ratio (DPR) is presently 3.83%.

Institutional Trading of Vontier

Several hedge funds and other institutional investors have recently bought and sold shares of VNT. Geode Capital Management LLC boosted its position in Vontier by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company's stock valued at $86,776,000 after buying an additional 18,091 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Vontier by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company's stock valued at $98,011,000 after purchasing an additional 277,389 shares during the period. Mackenzie Financial Corp grew its position in Vontier by 9.8% during the 2nd quarter. Mackenzie Financial Corp now owns 2,541,319 shares of the company's stock worth $97,078,000 after purchasing an additional 227,388 shares during the period. River Road Asset Management LLC raised its stake in shares of Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock valued at $79,510,000 after buying an additional 415,750 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Vontier by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,474,988 shares of the company's stock worth $49,766,000 after buying an additional 42,357 shares during the last quarter. 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.