Vontier (NYSE:VNT) Price Target Raised to $47.00
by Amy Steele · The Cerbat GemVontier (NYSE:VNT – Free Report) had its price objective boosted by Evercore ISI from $45.00 to $47.00 in a research note released on Monday,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.
A number of other equities analysts have also commented on VNT. Barclays lifted their price target on shares of Vontier from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Citigroup lowered their target price on shares of Vontier from $45.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird upped their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vontier presently has a consensus rating of “Moderate Buy” and an average price target of $44.83.
Vontier Stock Performance
NYSE VNT opened at $35.64 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 1.23 and a beta of 1.29. The firm’s 50 day simple moving average is $32.61 and its 200 day simple moving average is $35.91. Vontier has a 1 year low of $27.22 and a 1 year high of $41.61.
Vontier (NYSE:VNT – Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.06. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The business had revenue of $741.10 million for the quarter, compared to analyst estimates of $723.06 million. During the same quarter last year, the business posted $0.74 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, research analysts expect that Vontier will post 3.13 earnings per share for the current fiscal year.
Vontier Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. Vontier’s dividend payout ratio is presently 4.07%.
Insider Buying and Selling
In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the sale, the senior vice president now directly owns 88,248 shares of the company’s stock, valued at approximately $3,206,932.32. This represents a 7.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.97% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Vontier
Institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in shares of Vontier by 39.7% during the 1st quarter. Ameriprise Financial Inc. now owns 3,515,334 shares of the company’s stock worth $115,479,000 after purchasing an additional 999,755 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in Vontier by 2.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,390,111 shares of the company’s stock worth $111,365,000 after buying an additional 66,620 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Vontier by 5.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,815,287 shares of the company’s stock worth $92,483,000 after buying an additional 143,737 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Vontier by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,666,927 shares of the company’s stock worth $97,260,000 after buying an additional 75,775 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Vontier by 0.8% in the 4th quarter. Mackenzie Financial Corp now owns 2,540,329 shares of the company’s stock worth $92,646,000 after buying an additional 20,649 shares during the period. 95.83% of the stock is owned by institutional investors.
Vontier Company Profile
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.
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