Brokerages Set Vontier Co. (NYSE:VNT) Price Target at $43.17

Shares of Vontier Co. (NYSE:VNT - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $43.67.

Several equities research analysts have recently commented on VNT shares. Barclays lifted their price target on shares of Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday. Citigroup dropped their target price on shares of Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird raised their price target on Vontier from $42.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th.

Vontier Trading Up 0.3 %

VNT stock traded up $0.11 during trading on Friday, hitting $34.99. The company had a trading volume of 151,446 shares, compared to its average volume of 993,812. The firm has a 50-day moving average price of $32.04 and a 200-day moving average price of $35.80. Vontier has a 12 month low of $27.22 and a 12 month high of $41.61. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.23 and a beta of 1.29.

Vontier (NYSE:VNT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. The business had revenue of $741.10 million for the quarter, compared to analyst estimates of $723.06 million. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 earnings per share. As a group, analysts predict that Vontier will post 3.13 earnings per share for the current year.

Institutional Investors Weigh In On Vontier

Several large investors have recently modified their holdings of VNT. Allspring Global Investments Holdings LLC grew its position in shares of Vontier by 2,814.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,836 shares of the company's stock valued at $10,164,000 after purchasing an additional 272,166 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Vontier during the fourth quarter worth about $508,000. Integrated Investment Consultants LLC raised its holdings in shares of Vontier by 14.7% in the fourth quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company's stock valued at $2,461,000 after purchasing an additional 8,657 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in Vontier during the 4th quarter worth about $2,918,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in Vontier by 48.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 24,342 shares of the company's stock worth $888,000 after acquiring an additional 7,909 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

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.