Vontier (NYSE:VNT) Shares Gap Down - Time to Sell?

Shares of Vontier Co. (NYSE:VNT - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $40.32, but opened at $38.55. Vontier shares last traded at $38.22, with a volume of 908,712 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Tuesday. Citigroup reduced their price objective on Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Barclays boosted their target price on Vontier from $45.00 to $46.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Wolfe Research upgraded Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a report on Thursday, December 12th. Finally, UBS Group assumed coverage on Vontier in a research note on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Vontier currently has an average rating of "Moderate Buy" and an average price target of $45.43.

Vontier Stock Performance

The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 1.28 and a beta of 1.26. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. The stock has a 50 day simple moving average of $37.67 and a two-hundred day simple moving average of $36.27.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $776.80 million for the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. As a group, analysts anticipate that Vontier Co. will post 3.13 earnings per share for the current year.

Vontier Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Integrated Investment Consultants LLC lifted its position in Vontier by 14.7% in the fourth quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company's stock valued at $2,461,000 after acquiring an additional 8,657 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Vontier in the 4th quarter valued at about $223,000. Allspring Global Investments Holdings LLC boosted its position in shares of Vontier by 2,814.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company's stock valued at $10,164,000 after purchasing an additional 272,166 shares during the period. Holocene Advisors LP purchased a new position in Vontier during the 3rd quarter worth approximately $1,349,000. Finally, Sanctuary Advisors LLC acquired a new position in Vontier during the third quarter worth approximately $505,000. 95.83% of the stock is 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.