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

Vontier (NYSE:VNT - Get Free Report) had its price target raised by investment analysts at Barclays from $45.00 to $48.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target points to a potential upside of 42.31% from the stock's current price.

VNT has been the subject of several other research reports. Robert W. Baird raised their price objective on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Citigroup reduced their target price on Vontier from $45.00 to $36.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.67.

Vontier Price Performance

Shares of VNT traded up $0.44 during mid-day trading on Monday, hitting $33.73. The company's stock had a trading volume of 512,541 shares, compared to its average volume of 888,509. The firm has a 50-day moving average price of $32.29 and a 200 day moving average price of $35.85. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 1.23 and a beta of 1.29. Vontier has a fifty-two week low of $27.22 and a fifty-two week high of $41.61. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14.

Vontier (NYSE:VNT - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.06. The company 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 business's revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. On average, research analysts predict that Vontier will post 3.13 EPS for the current fiscal year.

Institutional Trading of Vontier

A number of large investors have recently added to or reduced their stakes in the stock. Global X Japan Co. Ltd. increased its holdings in Vontier by 137.7% during the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company's stock worth $27,000 after acquiring an additional 431 shares during the period. Olde Wealth Management LLC purchased a new position in Vontier during the first quarter valued at $36,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vontier in the 3rd quarter worth approximately $40,000. Lazard Asset Management LLC bought a new position in Vontier in the 4th quarter valued at approximately $73,000. Finally, GAMMA Investing LLC grew its stake in shares of Vontier by 60.1% in the first quarter. GAMMA Investing LLC now owns 2,209 shares of the company's stock worth $73,000 after acquiring an additional 829 shares during the period. Hedge funds and other institutional investors own 95.83% of the company's stock.

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.

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