UBS Group Reiterates “$50.00” Price Target for Vontier (NYSE:VNT)

Vontier (NYSE:VNT) received a $50.00 price objective from equities research analysts at UBS Group in a research note issued on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 24.66% from the company’s previous close.

A number of other analysts have also issued reports on VNT. Evercore ISI lifted their price target on shares of Vontier from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Citigroup restated a “buy” rating and issued a $45.00 target price (up from $37.00) on shares of Vontier in a research note on Monday, July 14th. Robert W. Baird lifted their price objective on Vontier from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Monday. The Goldman Sachs Group reiterated a “neutral” rating on shares of Vontier in a research report on Thursday, July 31st. Finally, Argus upgraded Vontier from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Tuesday. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

Vontier Trading Down 1.1%

Shares of NYSE:VNT traded down $0.44 during midday trading on Tuesday, hitting $40.11. 212,861 shares of the stock traded hands, compared to its average volume of 981,240. Vontier has a one year low of $27.22 and a one year high of $42.00. The stock has a market capitalization of $5.88 billion, a PE ratio of 15.26, a P/E/G ratio of 1.37 and a beta of 1.31. The business’s 50 day moving average is $37.75 and its two-hundred day moving average is $35.76. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 1.32.

Vontier (NYSE:VNT) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $773.50 million for the quarter, compared to the consensus estimate of $734.23 million. Vontier had a net margin of 12.99% and a return on equity of 41.96%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. As a group, research analysts forecast that Vontier will post 3.13 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VNT. American Century Companies Inc. increased its holdings in shares of Vontier by 1.1% during the 4th quarter. American Century Companies Inc. now owns 39,342 shares of the company’s stock worth $1,435,000 after purchasing an additional 447 shares during the period. Alliancebernstein L.P. raised its holdings in Vontier by 5.4% in the 4th quarter. Alliancebernstein L.P. now owns 224,835 shares of the company’s stock worth $8,200,000 after purchasing an additional 11,468 shares in the last quarter. Trexquant Investment LP purchased a new stake in Vontier during the 4th quarter valued at approximately $1,104,000. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Vontier in the fourth quarter worth $214,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Vontier by 5.0% during the fourth quarter. Quadrant Capital Group LLC now owns 7,049 shares of the company’s stock worth $257,000 after purchasing an additional 338 shares during the last quarter. 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.