Robert W. Baird Issues Positive Forecast for Vontier (NYSE:VNT) Stock Price

Key Points

• Robert W. Baird raised its Vontier price target from $39 to $46, implying 9.31% upside, while maintaining a neutral rating.
• Analyst sentiment is mixed: Citigroup and KeyCorp raised their targets and rated the stock Buy and Overweight, respectively; overall, analysts have an average Hold rating and a $42.86 target.
• Vontier beat quarterly estimates, reporting EPS of $0.92 versus $0.84 expected and revenue of $736.9 million versus $728 million expected, though revenue fell 2.1% year over year.

Vontier (NYSE:VNT - Get Free Report) had its price target upped by equities researchers at Robert W. Baird from $39.00 to $46.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Robert W. Baird's price target would suggest a potential upside of 9.31% from the stock's previous close.

Several other research firms have also issued reports on VNT. Citigroup upped their price target on shares of Vontier from $44.00 to $47.00 and gave the company a "buy" rating in a research report on Friday. KeyCorp lifted their price objective on Vontier from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Weiss Ratings raised Vontier from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, September 4th. 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $42.86.

Vontier Trading Down 0.3%

Shares of VNT opened at $42.08 on Monday. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.40 and a beta of 1.13. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.91 and a current ratio of 1.23. Vontier has a fifty-two week low of $27.25 and a fifty-two week high of $48.20. The firm has a 50 day moving average price of $33.20 and a 200-day moving average price of $33.80.

Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.84 by $0.08. The company had revenue of $736.90 million for the quarter, compared to analyst estimates of $727.98 million. Vontier had a net margin of 11.27% and a return on equity of 39.53%. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 EPS. As a group, equities research analysts forecast that Vontier will post 3.62 earnings per share for the current year.

Institutional Investors Weigh In On Vontier

Several institutional investors have recently added to or reduced their stakes in VNT. Russell Investments Group Ltd. increased its position 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 valued at $60,240,000 after buying an additional 50,713 shares during the period. King Luther Capital Management Corp raised its stake in Vontier by 0.9% in the third quarter. King Luther Capital Management Corp now owns 150,585 shares of the company's stock worth $4,728,000 after buying an additional 1,381 shares in the last quarter. Banyan Capital Management Inc. bought a new position in Vontier in the third quarter worth about $14,509,000. Private Management Group Inc. raised its stake in Vontier by 4.5% in the third quarter. Private Management Group Inc. now owns 743,814 shares of the company's stock worth $23,356,000 after buying an additional 32,061 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in Vontier in the third quarter worth about $494,000. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.