Vontier (NYSE:VNT) Price Target Raised to $46.00

Vontier (NYSE:VNT) had its target price increased by analysts at Robert W. Baird from $39.00 to $46.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird‘s target price would suggest a potential upside of 9.31% from the company’s current price.

Other research analysts have also issued reports about the stock. Citigroup increased their price target on shares of Vontier from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings raised shares of Vontier from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, KeyCorp boosted their price objective on shares of Vontier from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.86.

Vontier Price Performance

Shares of VNT stock opened at $42.08 on Monday. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.40 and a beta of 1.13. The business’s fifty day moving average is $33.20 and its 200 day moving average is $33.80. Vontier has a twelve month low of $27.25 and a twelve month high of $48.20. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 1.31.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. The business had revenue of $736.90 million during the quarter, compared to the consensus estimate of $727.98 million. Vontier had a return on equity of 39.53% and a net margin of 11.27%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. Research analysts expect that Vontier will post 3.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Vontier

Institutional investors have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Vontier in the 2nd quarter worth about $1,841,000. CX Institutional boosted its stake in Vontier by 873,980.0% in the 3rd quarter. CX Institutional now owns 349,632 shares of the company’s stock worth $10,978,000 after purchasing an additional 349,592 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Vontier during the 2nd quarter valued at about $20,935,000. Bessemer Group Inc. grew its position in Vontier by 21.6% during the 1st quarter. Bessemer Group Inc. now owns 776,603 shares of the company’s stock valued at $27,546,000 after purchasing an additional 137,750 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Vontier by 14.2% during the 1st quarter. First Trust Advisors LP now owns 307,265 shares of the company’s stock valued at $10,899,000 after purchasing an additional 38,152 shares during the last quarter. 95.83% of the stock is owned by hedge funds and other institutional investors.

Vontier Company Profile

Vontier Corporation (NYSE: VNT) is a global technology company serving the mobility, convenience retail and commercial transportation industries. Its products and services help businesses manage fueling and energy infrastructure, vehicle maintenance, payments and fleet operations.

The company’s offerings include fuel dispensers and payment systems, fuel-management and tank-monitoring technology, fleet telematics, vehicle diagnostic equipment and tools, and software for electric-vehicle charging.