Brokerages Set Vontier Corporation (NYSE:VNT) PT at $44.83

Shares of Vontier Corporation (NYSE:VNT - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $44.83.

A number of brokerages have issued reports on VNT. Barclays increased their price target on Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Evercore ISI raised their target price on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Finally, Citigroup decreased their target price on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, April 14th.

Insider Buying and Selling

In related news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $36.34, for a total transaction of $266,880.96. Following the transaction, the senior vice president now owns 88,248 shares in the company, valued at approximately $3,206,932.32. This trade represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vontier

A number of institutional investors have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. lifted its position in Vontier by 2.2% during the fourth quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company's stock worth $448,000 after buying an additional 270 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its position in Vontier by 0.8% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 37,000 shares of the company's stock worth $1,218,000 after buying an additional 300 shares in the last quarter. Foundry Partners LLC lifted its position in Vontier by 1.9% during the fourth quarter. Foundry Partners LLC now owns 17,304 shares of the company's stock worth $631,000 after buying an additional 324 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Vontier by 3.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 9,287 shares of the company's stock worth $301,000 after buying an additional 337 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in Vontier by 5.0% during the fourth quarter. Quadrant Capital Group LLC now owns 7,049 shares of the company's stock worth $257,000 after buying an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company's stock.

Vontier Price Performance

VNT stock traded up $0.53 during mid-day trading on Monday, reaching $37.35. 737,733 shares of the company's stock were exchanged, compared to its average volume of 920,398. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.29 and a beta of 1.31. The stock's 50 day moving average is $34.75 and its 200 day moving average is $35.42. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.62 and a quick ratio of 1.20. Vontier has a 12-month low of $27.22 and a 12-month high of $41.61.

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, topping analysts' consensus estimates of $0.71 by $0.06. The company had revenue of $741.10 million for the quarter, compared to the consensus estimate of $723.06 million. Vontier had a return on equity of 41.99% and a net margin of 12.59%. Vontier's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 earnings per share. On average, research analysts expect that Vontier will post 3.13 EPS for the current year.

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. Vontier's payout ratio is 4.07%.

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.