Barclays Forecasts Strong Price Appreciation for Vontier (NYSE:VNT) Stock

Vontier (NYSE:VNT) had its price target hoisted by stock analysts at Barclays from $45.00 to $46.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 16.99% from the stock’s previous close.

Several other brokerages have also recently weighed in on VNT. Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Thursday, December 12th. UBS Group began coverage on Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price on the stock. Finally, Citigroup dropped their target price on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.75.

Vontier Stock Performance

Vontier stock opened at $39.32 on Friday. The firm has a fifty day simple moving average of $37.68 and a two-hundred day simple moving average of $36.13. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. Vontier has a twelve month low of $31.22 and a twelve month high of $45.62. The company has a market capitalization of $5.91 billion, a PE ratio of 15.06, a P/E/G ratio of 1.75 and a beta of 1.26.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $776.80 million during the quarter. Vontier had a return on equity of 45.48% and a net margin of 13.54%. Research analysts expect that Vontier will post 2.88 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Vontier by 5.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,323,491 shares of the company’s stock valued at $121,208,000 after purchasing an additional 173,542 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Vontier by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,666,927 shares of the company’s stock worth $97,260,000 after acquiring an additional 75,775 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Vontier by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock valued at $86,776,000 after acquiring an additional 18,091 shares in the last quarter. River Road Asset Management LLC boosted its stake in Vontier by 6.2% in the 4th quarter. River Road Asset Management LLC now owns 2,502,132 shares of the company’s stock worth $91,253,000 after purchasing an additional 145,574 shares in the last quarter. Finally, Norges Bank purchased a new position in Vontier in the fourth quarter worth about $64,869,000. 95.83% of the stock is owned by hedge funds and other 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.