Vontier (NYSE:VNT) Stock Rating Upgraded by Wolfe Research

Vontier (NYSE:VNT - Get Free Report) was upgraded by stock analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has a $48.00 target price on the stock. Wolfe Research's target price would suggest a potential upside of 20.27% from the company's previous close.

A number of other equities research analysts also recently commented on the company. Evercore ISI decreased their target price on Vontier from $45.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. Argus downgraded Vontier from a "buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Citigroup boosted their price target on shares of Vontier from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday. Barclays increased their price objective on shares of Vontier from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Finally, UBS Group began coverage on shares of Vontier in a report on Tuesday. They issued a "buy" rating and a $47.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $44.44.

Vontier Price Performance

VNT stock traded up $0.75 during midday trading on Thursday, hitting $39.91. The company's stock had a trading volume of 1,144,542 shares, compared to its average volume of 806,488. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier has a 12 month low of $31.22 and a 12 month high of $45.62. The company has a 50 day moving average of $36.93 and a two-hundred day moving average of $36.62.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.04. The company had revenue of $750.00 million during the quarter, compared to analysts' expectations of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier's quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $0.73 earnings per share. On average, analysts expect that Vontier will post 2.89 EPS for the current year.

Institutional Trading of Vontier

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Vontier by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company's stock worth $86,776,000 after buying an additional 18,091 shares during the period. Dimensional Fund Advisors LP grew its position in Vontier by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,565,767 shares of the company's stock valued at $98,011,000 after acquiring an additional 277,389 shares during the last quarter. Mackenzie Financial Corp increased its stake in Vontier by 9.8% in the second 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 increased its stake in Vontier by 21.4% in the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company's stock worth $79,510,000 after purchasing an additional 415,750 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Vontier by 2.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,943,778 shares of the company's stock worth $74,252,000 after purchasing an additional 44,254 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.