Vontier (NYSE:VNT) Stock Rating Upgraded by Wolfe Research

Wolfe Research upgraded shares of Vontier (NYSE:VNT) from a peer perform rating to an outperform rating in a research note published on Thursday, MarketBeat.com reports. They currently have $48.00 price target on the stock.

Several other equities analysts also recently weighed in on VNT. Barclays raised their price target on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Evercore ISI lowered their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Citigroup raised their price objective on shares of Vontier from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday. UBS Group began coverage on shares of Vontier in a report on Tuesday. They issued a “buy” rating and a $47.00 target price on the stock. Finally, Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Vontier currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.44.

Vontier Price Performance

NYSE:VNT opened at $39.62 on Thursday. The stock has a market capitalization of $5.95 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. Vontier has a 52 week low of $31.22 and a 52 week high of $45.62. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The stock’s 50-day moving average price is $37.07 and its 200-day moving average price is $36.64.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The business had revenue of $750.00 million during the quarter, compared to the consensus estimate of $729.23 million. During the same period in the prior year, the company posted $0.73 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, equities analysts expect that Vontier will post 2.89 EPS for the current fiscal year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.25%. Vontier’s dividend payout ratio (DPR) is 3.83%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in Vontier by 651.9% in the second quarter. SG Americas Securities LLC now owns 29,895 shares of the company’s stock worth $1,142,000 after acquiring an additional 25,919 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Vontier during the second quarter worth $219,000. Blue Trust Inc. increased its holdings in Vontier by 15.8% in the second quarter. Blue Trust Inc. now owns 3,761 shares of the company’s stock valued at $144,000 after buying an additional 513 shares during the last quarter. Fifth Third Bancorp raised its stake in Vontier by 32.0% in the second quarter. Fifth Third Bancorp now owns 3,245 shares of the company’s stock valued at $124,000 after buying an additional 786 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in Vontier during the second quarter worth approximately $187,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

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.