Vontier Corporation (NYSE:VNT) Stock Now Rated “Hold” by Wall Street Analysts

Vontier Corporation (NYSE:VNT) has earned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $42.86.

A number of research firms recently weighed in on VNT. Citigroup increased their price target on Vontier from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Friday. KeyCorp lifted their price objective on shares of Vontier from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday. Robert W. Baird upped their price objective on shares of Vontier from $39.00 to $46.00 and gave the company a “neutral” rating in a report on Monday. Finally, Weiss Ratings raised shares of Vontier from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th.

Vontier Price Performance

Shares of VNT opened at $43.81 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33. The company’s fifty day simple moving average is $33.43 and its 200 day simple moving average is $33.83. Vontier has a 1-year low of $27.25 and a 1-year high of $48.20. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.29 and a beta of 1.13.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, November 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.08. Vontier had a net margin of 11.34% and a return on equity of 38.57%. The business had revenue of $736.90 million during the quarter, compared to the consensus estimate of $727.98 million. During the same period last year, the business posted $0.78 EPS. Vontier’s revenue was down 2.1% on a year-over-year basis. On average, research analysts forecast that Vontier will post 3.62 earnings per share for the current fiscal year.

Vontier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be issued a dividend of $0.0250 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. Vontier’s payout ratio is presently 4.10%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Vontier during the second quarter worth approximately $388,315,000. Corient Private Wealth LP acquired a new position in shares of Vontier in the second quarter valued at approximately $65,037,000. Turtle Creek Asset Management Inc. grew its position in shares of Vontier by 17.5% in the first quarter. Turtle Creek Asset Management Inc. now owns 2,114,615 shares of the company’s stock valued at $75,005,000 after purchasing an additional 314,211 shares during the last quarter. Heron Bay Capital Management acquired a new position in shares of Vontier in the second quarter valued at approximately $55,830,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Vontier by 2.7% during the third quarter. Russell Investments Group Ltd. now owns 1,918,476 shares of the company’s stock worth $60,240,000 after purchasing an additional 50,713 shares during the period. 95.83% of the stock is owned by institutional investors.

About Vontier

Vontier Corporation (NYSE: VNT) is a global technology company serving the mobility, convenience retail and commercial transportation industries. Its products and services help businesses manage fueling and energy infrastructure, vehicle maintenance, payments and fleet operations.

The company’s offerings include fuel dispensers and payment systems, fuel-management and tank-monitoring technology, fleet telematics, vehicle diagnostic equipment and tools, and software for electric-vehicle charging.