Vontier (NYSE:VNT) Hits New 52-Week High - Should You Buy?

Key Points

• Vontier's stock reached a new 52-week high of $42.05 before closing at $41.97, reflecting a significant increase from its previous close of $40.37.
• Analysts have a consensus rating of "Moderate Buy" for Vontier, with a target price of $47.14, as multiple firms upgraded their ratings and price objectives recently.
• The company reported earnings per share of $0.79 for the last quarter, exceeding estimates of $0.72, with a year-over-year revenue increase of 11.1% to $773.50 million.

Vontier Corporation (NYSE:VNT - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $42.05 and last traded at $41.97, with a volume of 871437 shares changing hands. The stock had previously closed at $40.37.

Wall Street Analysts Forecast Growth

VNT has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Vontier in a research report on Thursday, July 31st. Robert W. Baird increased their price objective on Vontier from $40.00 to $45.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Argus raised Vontier from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a research report on Tuesday, August 5th. UBS Group set a $50.00 price objective on Vontier and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Barclays reaffirmed an "overweight" rating on shares of Vontier in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.14.

Vontier Stock Performance

The business has a fifty day simple moving average of $38.03 and a two-hundred day simple 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 cap of $6.16 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.35 and a beta of 1.31.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. Vontier had a return on equity of 41.96% and a net margin of 12.99%. The company had revenue of $773.50 million for the quarter, compared to the consensus estimate of $734.23 million. During the same quarter in the prior year, the company earned $0.63 earnings per share. Vontier's revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that Vontier Corporation will post 3.13 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VNT. Nuveen LLC bought a new position in shares of Vontier in the first quarter worth about $67,744,000. Franklin Resources Inc. raised its stake in shares of Vontier by 81.6% in the second quarter. Franklin Resources Inc. now owns 2,824,376 shares of the company's stock worth $104,219,000 after buying an additional 1,269,063 shares during the period. Woodline Partners LP raised its stake in shares of Vontier by 132.9% in the first quarter. Woodline Partners LP now owns 1,879,793 shares of the company's stock worth $61,751,000 after buying an additional 1,072,683 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Vontier by 39.7% in the first quarter. Ameriprise Financial Inc. now owns 3,515,334 shares of the company's stock worth $115,479,000 after buying an additional 999,755 shares during the period. Finally, Millennium Management LLC grew its position in shares of Vontier by 659.9% during the fourth quarter. Millennium Management LLC now owns 860,423 shares of the company's stock worth $31,380,000 after purchasing an additional 747,196 shares in the last quarter. Institutional investors own 95.83% of the company's stock.

About Vontier

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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