Vontier (NYSE:VNT) Stock Rating Upgraded by Argus

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 researchers at Argus from a "hold" rating to a "buy" rating in a research note issued on Tuesday, MarketBeat.com reports. The firm presently has a $47.00 price target on the stock. Argus' target price would indicate a potential upside of 15.93% from the company's previous close.

A number of other research analysts also recently commented on VNT. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Vontier in a research note on Thursday, July 31st. Evercore ISI boosted their price target on Vontier from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Barclays lifted their target price on Vontier from $45.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Citigroup restated a "buy" rating and issued a $45.00 price target (up from $37.00) on shares of Vontier in a research note on Monday, July 14th. Finally, Robert W. Baird raised their target price on shares of Vontier from $40.00 to $45.00 and gave the company a "neutral" rating 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $47.14.

Vontier Stock Up 0.4%

Shares of VNT traded up $0.17 during mid-day trading on Tuesday, hitting $40.54. 871,790 shares of the company's stock were exchanged, compared to its average volume of 1,150,865. The company has a market cap of $5.95 billion, a PE ratio of 15.41, a P/E/G ratio of 1.34 and a beta of 1.31. Vontier has a 52 week low of $27.22 and a 52 week high of $42.00. The company has a 50-day simple moving average of $37.93 and a 200 day simple moving average of $35.79. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.80.

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

Insider Buying and Selling at Vontier

In other news, SVP Kathryn K. Rowen sold 7,344 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $36.34, for a total transaction of $266,880.96. Following the sale, the senior vice president directly owned 88,248 shares in the company, valued at approximately $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.97% of the company's stock.

Institutional Trading of Vontier

Several institutional investors have recently added to or reduced their stakes in VNT. Benjamin Edwards Inc. raised its position in Vontier by 2.2% in the 4th quarter. Benjamin Edwards Inc. now owns 12,287 shares of the company's stock valued at $448,000 after buying an additional 270 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Vontier by 39.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 973 shares of the company's stock worth $36,000 after acquiring an additional 273 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. boosted its stake in Vontier by 0.8% in the 1st quarter. Klein Pavlis & Peasley Financial Inc. now owns 37,000 shares of the company's stock worth $1,218,000 after purchasing an additional 300 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Vontier by 3.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,287 shares of the company's stock worth $301,000 after purchasing an additional 337 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Vontier by 5.0% in the 4th quarter. Quadrant Capital Group LLC now owns 7,049 shares of the company's stock worth $257,000 after purchasing an additional 338 shares during the period. 95.83% of the stock is currently owned by institutional investors.

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.