Vontier Corporation (NYSE:VNT) Stock Has Consensus Price Target of $41.00 According to Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Vontier, based on eight brokerages: four Buy, three Hold, and one Sell. Their average 12-month price target is $41.
• Vontier beat quarterly estimates, reporting EPS of $0.89 versus $0.80 expected and revenue of $756.7 million versus $747.1 million expected; revenue was down 2.2% year over year.
• Institutional investors own 95.83% of the company’s stock, and Vontier pays a quarterly dividend of $0.025, equivalent to a 0.3% yield.

Vontier Corporation (NYSE:VNT - Get Free Report) has received an average rating of "Hold" from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $41.00.

A number of brokerages recently weighed in on VNT. Weiss Ratings upgraded shares of Vontier from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 4th. Robert W. Baird set a $39.00 price objective on shares of Vontier in a research report on Friday, August 7th. KeyCorp boosted their price target on Vontier from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, Wolfe Research reissued an "outperform" rating and issued a $43.00 price objective on shares of Vontier in a research note on Thursday, July 9th.

Hedge Funds Weigh In On Vontier

Several institutional investors have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Vontier during the second quarter worth $1,841,000. CX Institutional lifted its holdings in shares of Vontier by 873,980.0% during the 3rd quarter. CX Institutional now owns 349,632 shares of the company's stock valued at $10,978,000 after purchasing an additional 349,592 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Vontier during the 2nd quarter valued at $20,935,000. Bessemer Group Inc. boosted its position in shares of Vontier by 21.6% in the 1st quarter. Bessemer Group Inc. now owns 776,603 shares of the company's stock worth $27,546,000 after purchasing an additional 137,750 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Vontier by 14.2% in the 1st quarter. First Trust Advisors LP now owns 307,265 shares of the company's stock worth $10,899,000 after purchasing an additional 38,152 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Stock Up 2.7%

NYSE:VNT opened at $37.55 on Thursday. Vontier has a twelve month low of $27.25 and a twelve month high of $48.20. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.25 and a beta of 1.13. The stock has a fifty day simple moving average of $32.91 and a 200-day simple moving average of $33.77. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.33.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. The firm had revenue of $756.70 million during the quarter, compared to analyst estimates of $747.12 million. Vontier had a net margin of 11.34% and a return on equity of 38.57%. The business's revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 earnings per share. Analysts anticipate that Vontier will post 3.49 EPS for the current year.

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd were issued a $0.0250 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 3rd. Vontier's dividend payout ratio is currently 4.15%.

Vontier Company Profile

Vontier Corporation NYSE: VNT is a global industrial technology company that develops and provides solutions for the mobility, transportation and connected infrastructure markets. Its products and services help businesses manage fueling, fleet operations, vehicle maintenance, repair and diagnostics, and related workflows.

Vontier's portfolio includes technologies for retail and commercial fueling, fuel measurement and environmental compliance, fleet tracking and telematics, automotive repair equipment, diagnostic tools and aftermarket services.

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