Vontier Corporation (NYSE:VNT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Vontier Corporation (NYSE:VNT) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $46.33.

VNT has been the subject of several recent research reports. Citigroup reaffirmed a “buy” rating and issued a $45.00 price objective (up previously from $37.00) on shares of Vontier in a research report on Monday. Barclays increased their price objective on shares of Vontier from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Finally, Evercore ISI increased their price objective on shares of Vontier from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, May 19th.

Insider Buying and Selling

In other Vontier news, SVP Kathryn K. Rowen sold 7,344 shares of Vontier stock in a transaction on Monday, May 12th. The shares were sold at an average price of $36.34, for a total value of $266,880.96. Following the completion of the transaction, the senior vice president owned 88,248 shares of the company’s stock, valued at $3,206,932.32. The trade was a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vontier

Hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in shares of Vontier during the first quarter valued at about $67,744,000. Norges Bank bought a new stake in shares of Vontier during the fourth quarter valued at about $64,869,000. Woodline Partners LP raised its stake in shares of Vontier by 132.9% during the first quarter. Woodline Partners LP now owns 1,879,793 shares of the company’s stock valued at $61,751,000 after purchasing an additional 1,072,683 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Vontier by 39.7% during the first quarter. Ameriprise Financial Inc. now owns 3,515,334 shares of the company’s stock valued at $115,479,000 after purchasing an additional 999,755 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Vontier by 659.9% during the fourth quarter. Millennium Management LLC now owns 860,423 shares of the company’s stock valued at $31,380,000 after purchasing an additional 747,196 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Vontier Stock Up 1.8%

Shares of Vontier stock opened at $38.39 on Friday. The company has a market cap of $5.68 billion, a P/E ratio of 15.60, a PEG ratio of 1.32 and a beta of 1.30. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.20 and a current ratio of 1.62. Vontier has a one year low of $27.22 and a one year high of $41.36. The firm has a fifty day moving average of $36.73 and a two-hundred day moving average of $35.43.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. Vontier had a net margin of 12.59% and a return on equity of 41.99%. The firm had revenue of $741.10 million for the quarter, compared to analysts’ expectations of $723.06 million. During the same period in the prior year, the company earned $0.74 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. On average, analysts forecast that Vontier will post 3.13 earnings per share for the current year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, June 5th. Vontier’s dividend payout ratio is presently 4.07%.

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.