Vontier (NYSE:VNT) Releases Q2 2022 Earnings Guidance

Vontier (NYSE:VNTGet Rating) issued an update on its second quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.68-$0.72 for the period, compared to the consensus earnings per share estimate of $0.68. The company issued revenue guidance of -.Vontier also updated its FY 2022 guidance to $3.20-$3.30 EPS.

VNT has been the subject of a number of recent analyst reports. Robert W. Baird lowered shares of Vontier from an outperform rating to a neutral rating and decreased their target price for the company from $45.00 to $29.00 in a research report on Friday, February 18th. TheStreet cut shares of Vontier from a c- rating to a d+ rating in a report on Wednesday, February 23rd. Argus decreased their price objective on shares of Vontier from $40.00 to $30.00 in a report on Wednesday, March 23rd. Credit Suisse Group decreased their price objective on shares of Vontier from $40.00 to $31.00 and set an outperform rating for the company in a report on Friday, February 18th. Finally, The Goldman Sachs Group decreased their price objective on shares of Vontier from $33.00 to $29.00 and set a neutral rating for the company in a report on Thursday, April 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $35.00.

VNT stock opened at $25.93 on Thursday. Vontier has a 12 month low of $21.95 and a 12 month high of $37.08. The firm has a market cap of $4.17 billion, a PE ratio of 7.65, a P/E/G ratio of 1.75 and a beta of 0.86. The firm has a 50 day simple moving average of $24.91 and a 200 day simple moving average of $28.26. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.48 and a quick ratio of 1.28.

Vontier (NYSE:VNTGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. Vontier had a net margin of 18.88% and a return on equity of 102.18%. The firm had revenue of $748.10 million during the quarter, compared to analyst estimates of $738.84 million. During the same quarter last year, the business posted $0.63 EPS. The company’s revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect that Vontier will post 3.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 3rd were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 2nd. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. Vontier’s payout ratio is presently 2.95%.

In related news, CFO David H. Naemura acquired 8,500 shares of the company’s stock in a transaction on Monday, March 7th. The shares were purchased at an average price of $22.85 per share, for a total transaction of $194,225.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Lynn Ross sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $25.41, for a total transaction of $25,410.00. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Vontier by 1,613.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 182,735 shares of the company’s stock worth $5,615,000 after purchasing an additional 172,068 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Vontier by 303.2% during the fourth quarter. Allianz Asset Management GmbH now owns 165,179 shares of the company’s stock valued at $5,076,000 after acquiring an additional 124,210 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Vontier by 1.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 44,577 shares of the company’s stock valued at $1,370,000 after purchasing an additional 422 shares during the last quarter. Metropolitan Life Insurance Co NY grew its holdings in Vontier by 2.7% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 34,509 shares of the company’s stock valued at $1,060,000 after buying an additional 893 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its position in shares of Vontier by 13.9% in the fourth quarter. Glenmede Trust Co. NA now owns 33,000 shares of the company’s stock valued at $1,012,000 after acquiring an additional 4,029 shares during the period. Institutional investors own 95.53% of the company’s stock.

About Vontier (Get Rating)

Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment.

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