Vontier (NYSE:VNT) Upgraded by Argus to "Buy" Rating

Key Points

• Vontier has been upgraded by Argus from a "hold" to a "buy" rating, with a price target of $47.00, indicating a potential upside of 14.22% from its current price.
• Multiple analysts have issued favorable ratings for Vontier, with the consensus rating now categorized as "Moderate Buy" and an average price target of $46.71.
• In the last earnings report, Vontier reported an EPS of $0.79, surpassing expectations, while revenue increased by 11.1% year-over-year to $773.50 million.

Vontier (NYSE:VNT - Get Free Report) was upgraded by equities research analysts at Argus from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm presently has a $47.00 price target on the stock. Argus' price objective would indicate a potential upside of 15.83% from the company's previous close.

A number of other analysts have also recently issued reports on VNT. Barclays raised their target price on shares of Vontier from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Evercore ISI lifted their target price on Vontier from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Citigroup restated a "buy" rating and issued a $45.00 target price (up previously from $37.00) on shares of Vontier in a report on Monday, July 14th. The Goldman Sachs Group restated a "neutral" rating on shares of Vontier in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Vontier from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.14.

Vontier Price Performance

VNT stock traded down $0.62 on Tuesday, hitting $40.58. 1,188,962 shares of the company's stock traded hands, compared to its average volume of 1,104,423. Vontier has a 1-year low of $27.22 and a 1-year high of $42.00. The stock has a fifty day moving average of $37.75 and a 200-day moving average of $35.76. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 1.37 and a beta of 1.31. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32.

Vontier (NYSE:VNT - Get Free Report) last released its quarterly 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. The business had revenue of $773.50 million for the quarter, compared to the consensus estimate of $734.23 million. Vontier had a net margin of 12.99% and a return on equity of 41.96%. Vontier's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. On average, analysts forecast that Vontier will post 3.13 EPS for the current fiscal year.

Insider Transactions at Vontier

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 value of $266,880.96. Following the sale, the senior vice president owned 88,248 shares of the company's stock, valued at approximately $3,206,932.32. This trade represents a 7.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.97% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Penserra Capital Management LLC boosted its stake in Vontier by 32.9% during the second quarter. Penserra Capital Management LLC now owns 14,640 shares of the company's stock worth $540,000 after acquiring an additional 3,625 shares in the last quarter. Wedbush Securities Inc. purchased a new position in shares of Vontier in the 2nd quarter worth about $275,000. Vestmark Advisory Solutions Inc. raised its holdings in shares of Vontier by 130.2% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 26,178 shares of the company's stock worth $966,000 after purchasing an additional 14,805 shares during the period. Savant Capital LLC increased its stake in shares of Vontier by 70.4% in the second quarter. Savant Capital LLC now owns 12,548 shares of the company's stock worth $463,000 after purchasing an additional 5,183 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Vontier by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 1,472,249 shares of the company's stock worth $54,326,000 after acquiring an additional 38,967 shares during the period. Institutional investors and hedge funds 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.