Vontier (NYSE:VNT) Given a $50.00 Price Target at UBS Group

Key Points

• UBS Group has increased its price objective for Vontier (NYSE:VNT) stock from $47.00 to $50.00, suggesting a potential upside of 19.79% from its previous close.
• After recent earnings results, Vontier reported $0.79 earnings per share, surpassing estimates, and indicated a revenue increase of 11.1% year-over-year.
• A majority of analysts rate Vontier as a "buy" or "strong buy," with a consensus target price currently set at $47.14 for the stock.

Vontier (NYSE:VNT - Get Free Report) received a $50.00 price objective from research analysts at UBS Group in a report released on Tuesday, Marketbeat.com reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price objective suggests a potential upside of 23.22% from the stock's current price.

VNT has been the subject of a number of other research reports. The Goldman Sachs Group reiterated a "neutral" rating on shares of Vontier in a research note on Thursday, July 31st. Robert W. Baird boosted their price objective on shares of Vontier from $40.00 to $45.00 and gave the stock a "neutral" rating in a research report on Monday. Barclays boosted their price objective on shares of Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Citigroup restated a "buy" rating and set a $45.00 price objective (up previously from $37.00) on shares of Vontier in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Vontier from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $47.14.

Vontier Stock Down 1.5%

Shares of Vontier stock opened at $40.58 on Tuesday. Vontier has a 52-week low of $27.22 and a 52-week high of $42.00. The company has a 50 day moving average of $37.75 and a 200 day moving average of $35.76. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $5.95 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.37 and a beta of 1.31.

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

Insider Activity at Vontier

In other news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier 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 transaction, the senior vice president directly owned 88,248 shares of the company's stock, valued at $3,206,932.32. The trade was a 7.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.97% of the stock is owned by insiders.

Hedge Funds Weigh In On Vontier

Institutional investors have recently modified their holdings of the business. Brooklyn Investment Group increased its stake in Vontier by 586.2% in the 1st quarter. Brooklyn Investment Group now owns 844 shares of the company's stock valued at $28,000 after buying an additional 721 shares during the period. Olde Wealth Management LLC acquired a new position in Vontier in the 1st quarter valued at $36,000. MassMutual Private Wealth & Trust FSB increased its stake in Vontier by 75.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company's stock valued at $45,000 after buying an additional 529 shares during the period. Trust Co. of Toledo NA OH acquired a new position in Vontier in the 2nd quarter valued at $53,000. Finally, Summit Securities Group LLC acquired a new position in Vontier in the 1st quarter valued at $64,000. 95.83% of the stock is 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.