Vontier (NYSE:VNT) Price Target Raised to $46.00

Vontier (NYSE:VNT) had its target price increased by Robert W. Baird from $39.00 to $46.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also recently issued reports on VNT. Weiss Ratings upgraded shares of Vontier from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Citigroup increased their price target on shares of Vontier from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, November 6th. Finally, KeyCorp raised their price target on shares of Vontier from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, November 6th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.86.

Vontier Stock Up 1.5%

Vontier stock opened at $43.77 on Monday. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.28 and a beta of 1.13. Vontier has a 52 week low of $27.25 and a 52 week high of $48.20. The business’s 50-day moving average price is $33.88 and its 200 day moving average price is $33.90. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 1.31.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. Vontier had a return on equity of 39.53% and a net margin of 11.27%. The company had revenue of $736.90 million during the quarter, compared to the consensus estimate of $727.98 million. During the same period in the previous year, the company posted $0.78 earnings per share. Vontier’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Vontier will post 3.64 earnings per share for the current year.

Vontier Announces Dividend

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

Hedge Funds Weigh In On Vontier

Hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Vontier in the second quarter valued at approximately $39,000. Scarborough Advisors LLC acquired a new position in shares of Vontier during the 1st quarter worth approximately $57,000. Covestor Ltd lifted its position in shares of Vontier by 112.9% during the 3rd quarter. Covestor Ltd now owns 2,506 shares of the company’s stock valued at $79,000 after buying an additional 1,329 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Vontier during the 2nd quarter valued at approximately $103,000. Finally, IFP Advisors Inc lifted its position in shares of Vontier by 131.1% during the 2nd quarter. IFP Advisors Inc now owns 3,628 shares of the company’s stock valued at $105,000 after buying an additional 2,058 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

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.