KeyCorp Upgrades Vontier (NYSE:VNT) to "Strong-Buy"

Key Points

• Vontier has been upgraded to a "strong-buy" rating by KeyCorp, reflecting optimism from analysts about its performance.
• The stock price target for Vontier has been raised multiple times, with UBS increasing it from $47 to $50 and Argus setting a target of $47.
• In its latest earnings report, Vontier exceeded expectations with $0.79 earnings per share and reported a revenue of $773.50 million for the quarter, up 11.1% from the previous year.

Vontier (NYSE:VNT - Get Free Report) was upgraded by analysts at KeyCorp to a "strong-buy" rating in a report released on Wednesday, August 20th,Zacks.com reports.

VNT has been the topic of several other reports. UBS Group boosted their target price on Vontier from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Citigroup restated a "buy" rating and set a $45.00 target price (up from $37.00) on shares of Vontier in a research note on Monday, July 14th. Robert W. Baird boosted their target price on Vontier from $40.00 to $45.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. The Goldman Sachs Group restated a "neutral" rating on shares of Vontier in a research note on Thursday, July 31st. Finally, Barclays restated an "overweight" rating on shares of Vontier in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Vontier presently has a consensus rating of "Moderate Buy" and an average target price of $47.50.

Vontier Stock Up 0.4%

Shares of NYSE:VNT traded up $0.18 on Wednesday, reaching $43.60. The company had a trading volume of 364,199 shares, compared to its average volume of 982,240. Vontier has a 52-week low of $27.22 and a 52-week high of $43.77. The firm's 50 day simple moving average is $39.46 and its 200-day simple moving average is $36.11. The firm has a market capitalization of $6.40 billion, a PE ratio of 16.55, a PEG ratio of 1.42 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 announced its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) 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 business had revenue of $773.50 million for the quarter, compared to the consensus estimate of $734.23 million. During the same period last year, the business posted $0.63 EPS. The business's revenue was up 11.1% compared to the same quarter last year. Vontier has set its FY 2025 guidance at 3.100-3.200 EPS. Q3 2025 guidance at 0.740-0.780 EPS. As a group, analysts expect that Vontier will post 3.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vontier

Several institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new stake in shares of Vontier in the second quarter valued at approximately $3,118,000. Thrivent Financial for Lutherans increased its holdings in shares of Vontier by 3.1% in the second quarter. Thrivent Financial for Lutherans now owns 40,537 shares of the company's stock valued at $1,496,000 after purchasing an additional 1,227 shares during the last quarter. Advisory Services Network LLC increased its stake in Vontier by 9.4% during the second quarter. Advisory Services Network LLC now owns 17,074 shares of the company's stock worth $630,000 after acquiring an additional 1,468 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Vontier by 0.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 119,462 shares of the company's stock worth $4,412,000 after acquiring an additional 718 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in Vontier by 104.6% during the second quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company's stock worth $176,897,000 after acquiring an additional 2,450,723 shares during the last quarter. 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.