Vontier (NYSE:VNT) Stock Price Expected to Rise, Citigroup Analyst Says

Vontier (NYSE:VNT) had its target price upped by Citigroup from $44.00 to $46.00 in a report released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

VNT has been the topic of several other reports. Argus lowered shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Evercore ISI dropped their target price on Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Barclays increased their price target on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Vontier Stock Performance

Shares of NYSE:VNT opened at $39.14 on Monday. The firm has a 50 day moving average of $36.81 and a 200 day moving average of $36.60. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24. Vontier has a 52 week low of $31.22 and a 52 week high of $45.62.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $729.23 million. During the same period in the previous year, the company posted $0.73 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Vontier will post 2.89 earnings per share for the current fiscal year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Thursday, November 21st. Vontier’s dividend payout ratio (DPR) is 3.83%.

Hedge Funds Weigh In On Vontier

Several hedge funds and other institutional investors have recently bought and sold shares of VNT. Wilmington Savings Fund Society FSB purchased a new stake in Vontier in the third quarter valued at $40,000. Sanctuary Advisors LLC acquired a new position in shares of Vontier in the 3rd quarter valued at about $505,000. TD Private Client Wealth LLC boosted its stake in shares of Vontier by 9.7% in the third quarter. TD Private Client Wealth LLC now owns 4,557 shares of the company’s stock worth $154,000 after buying an additional 404 shares during the last quarter. Geode Capital Management LLC grew its holdings in Vontier by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock worth $86,776,000 after acquiring an additional 18,091 shares during the period. Finally, Barclays PLC raised its position in Vontier by 133.9% during the third quarter. Barclays PLC now owns 100,836 shares of the company’s stock valued at $3,402,000 after acquiring an additional 57,728 shares in the last quarter. Institutional investors and hedge funds 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.