Vontier (NYSE:VNT) Price Target Raised to $50.00 at UBS Group

Vontier (NYSE:VNT) had its target price increased by UBS Group from $47.00 to $50.00 in a report released on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group restated a “neutral” rating on shares of Vontier in a report on Thursday, July 31st. Robert W. Baird lifted their price objective on Vontier from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday. Argus raised Vontier from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday. Evercore ISI upped their price target on Vontier from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Finally, Wall Street Zen raised Vontier from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Vontier has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Vontier Trading Down 0.1%

Shares of NYSE VNT opened at $41.18 on Tuesday. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 1.37 and a beta of 1.31. Vontier has a 12-month low of $27.22 and a 12-month high of $42.00. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 1.32. The stock’s 50 day simple moving average is $37.66 and its 200 day simple moving average is $35.72.

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

Vontier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th were issued a $0.025 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. Vontier’s dividend payout ratio (DPR) is presently 3.80%.

Insider Buying and Selling at Vontier

In related news, SVP Kathryn K. Rowen sold 7,344 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president directly owned 88,248 shares in the company, valued at approximately $3,206,932.32. This trade represents a 7.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.97% of the stock is owned by insiders.

Institutional Investors Weigh In On Vontier

Several hedge funds have recently bought and sold shares of VNT. Brooklyn Investment Group increased its holdings in shares of Vontier by 586.2% during the first quarter. Brooklyn Investment Group now owns 844 shares of the company’s stock worth $28,000 after purchasing an additional 721 shares during the period. Olde Wealth Management LLC acquired a new position in shares of Vontier during the first quarter worth $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Vontier by 75.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company’s stock worth $45,000 after purchasing an additional 529 shares during the period. Trust Co. of Toledo NA OH acquired a new position in Vontier in the second quarter valued at $53,000. Finally, Summit Securities Group LLC acquired a new position in Vontier in the first quarter valued at $64,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.

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.