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

Key Points

• Robert W. Baird has raised its price target for Vontier (NYSE:VNT) from $40.00 to $45.00, indicating a potential upside of 11.52% from its current stock price.
• Several other analysts have also upgraded their ratings on Vontier, with Barclays increasing their price objective to $48.00 and Citigroup hiking their target from $37.00 to $45.00.
• Vontier reported earnings of $0.79 per share, surpassing consensus estimates, and achieved a revenue of $773.50 million for the quarter, surpassing expectations by approximately $39.27 million.

Vontier (NYSE:VNT - Get Free Report) had its price target boosted by equities researchers at Robert W. Baird from $40.00 to $45.00 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 objective suggests a potential upside of 11.52% from the company's current price.

A number of other research analysts also recently commented on the stock. Barclays boosted their price objective on shares of Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Citigroup reaffirmed a "buy" rating and set a $45.00 price objective (up from $37.00) on shares of Vontier in a research report on Monday, July 14th. Evercore ISI boosted their price objective on shares of Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Vontier in a research note on Thursday. Finally, Wall Street Zen upgraded shares of Vontier from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $46.67.

Vontier Stock Performance

Vontier stock opened at $40.35 on Monday. The firm's 50 day simple moving average is $37.44 and its 200-day simple moving average is $35.66. The company has a market cap of $5.97 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 1.37 and a beta of 1.31. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.80. Vontier has a fifty-two week low of $27.22 and a fifty-two week high of $42.00.

Vontier (NYSE:VNT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $773.50 million for the quarter, compared to the consensus estimate of $734.23 million. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. As a group, equities research analysts predict that Vontier will post 3.13 EPS for the current year.

Insider Buying and Selling at Vontier

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the sale, the senior vice president directly owned 88,248 shares in the company, valued at approximately $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.97% of the company's stock.

Institutional Trading of Vontier

A number of institutional investors and hedge funds have recently modified their holdings of VNT. Brooklyn Investment Group lifted its stake in shares of Vontier by 586.2% in the first quarter. Brooklyn Investment Group now owns 844 shares of the company's stock worth $28,000 after buying an additional 721 shares during the last quarter. Olde Wealth Management LLC bought a new position in Vontier during the first quarter worth $36,000. MassMutual Private Wealth & Trust FSB increased its position in Vontier by 75.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company's stock worth $45,000 after acquiring an additional 529 shares during the period. Trust Co. of Toledo NA OH bought a new position in Vontier during the second quarter worth $53,000. Finally, Summit Securities Group LLC bought a new position in Vontier during the first quarter worth $64,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Company Profile

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.

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