Vontier (NYSE:VNT) Given New $46.00 Price Target at Barclays

Vontier (NYSE:VNT) had its price objective boosted by Barclays from $44.00 to $46.00 in a research note released on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Evercore ISI cut their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Robert W. Baird cut their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Vontier has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Vontier Stock Up 2.5 %

Shares of NYSE VNT opened at $38.01 on Tuesday. Vontier has a 1 year low of $31.22 and a 1 year high of $45.62. The firm’s 50 day moving average price is $33.99 and its 200 day moving average price is $36.88. The firm has a market cap of $5.71 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm had revenue of $750.00 million for the quarter, compared to analyst estimates of $729.23 million. During the same quarter last year, the business earned $0.73 earnings per share. Vontier’s revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vontier will post 2.89 earnings per share for the current year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Thursday, September 5th. Vontier’s payout ratio is 3.83%.

Institutional Investors Weigh In On Vontier

Large investors have recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in Vontier during the 1st quarter worth $35,000. Headlands Technologies LLC acquired a new position in Vontier during the 1st quarter worth $46,000. International Assets Investment Management LLC grew 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 acquiring an additional 1,012 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in Vontier during the 3rd quarter worth $37,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Vontier during the 2nd quarter worth $44,000. 95.83% of the stock is owned by institutional investors and hedge funds.

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.