Vontier (NYSE:VNT) Price Target Raised to $48.00 at Barclays

Vontier (NYSE:VNT - Get Free Report) had its target price boosted by equities research analysts at Barclays from $45.00 to $48.00 in a research note issued to investors on Monday, MarketBeat.com reports. The firm presently has an "overweight" rating on the stock. Barclays's target price points to a potential upside of 37.58% from the stock's previous close.

Other analysts have also recently issued reports about the stock. Robert W. Baird boosted their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Citigroup lowered their price target on Vontier from $45.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.67.

Vontier Trading Up 0.0 %

NYSE VNT traded up $0.01 during trading hours on Monday, hitting $34.89. 789,654 shares of the company's stock were exchanged, compared to its average volume of 898,458. The business's 50 day moving average is $32.05 and its 200-day moving average is $35.82. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. Vontier has a 12-month low of $27.22 and a 12-month high of $41.61. The firm has a market capitalization of $5.16 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.29.

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

Institutional Investors Weigh In On Vontier

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Vontier during the 4th quarter worth approximately $64,869,000. Millennium Management LLC increased its stake in Vontier by 659.9% during the 4th quarter. Millennium Management LLC now owns 860,423 shares of the company's stock worth $31,380,000 after buying an additional 747,196 shares during the period. J. Goldman & Co LP acquired a new position in Vontier in the 4th quarter worth $17,478,000. Capital World Investors boosted its position in Vontier by 39.4% in the 4th quarter. Capital World Investors now owns 1,128,451 shares of the company's stock valued at $41,155,000 after buying an additional 318,775 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Vontier by 821.7% during the fourth quarter. Point72 Asset Management L.P. now owns 321,674 shares of the company's stock valued at $11,731,000 after acquiring an additional 286,774 shares in the last quarter. Hedge funds and other 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.