Vontier (NYSE:VNT) Lowered to “Hold” Rating by Wall Street Zen

Vontier (NYSE:VNT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other research firms also recently weighed in on VNT. Barclays decreased their price target on shares of Vontier from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Robert W. Baird decreased their target price on shares of Vontier from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. KeyCorp dropped their price target on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Bank of America reaffirmed an “underperform” rating and issued a $40.00 price target (down previously from $50.00) on shares of Vontier in a report on Friday, November 14th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Vontier in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Vontier currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.63.

Vontier Stock Up 0.1%

Shares of VNT opened at $37.47 on Friday. Vontier has a 12 month low of $27.22 and a 12 month high of $43.88. The firm has a market cap of $5.44 billion, a P/E ratio of 13.72, a PEG ratio of 1.53 and a beta of 1.28. The company has a current ratio of 1.18, a quick ratio of 0.90 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average is $37.26 and its two-hundred day moving average is $39.51.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. Vontier had a net margin of 13.34% and a return on equity of 40.49%. The company had revenue of $752.50 million during the quarter, compared to analyst estimates of $747.32 million. During the same quarter in the previous year, the firm earned $0.73 EPS. The firm’s revenue was up .3% compared to the same quarter last year. Analysts predict that Vontier will post 3.13 earnings per share for the current fiscal year.

Institutional Trading of Vontier

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of Vontier by 2.9% during the first quarter. Royal Bank of Canada now owns 47,039 shares of the company’s stock valued at $1,545,000 after acquiring an additional 1,304 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Vontier by 42.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 386,140 shares of the company’s stock worth $12,685,000 after purchasing an additional 115,740 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Vontier by 11.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 583,565 shares of the company’s stock valued at $19,170,000 after purchasing an additional 62,040 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Vontier in the 2nd quarter valued at approximately $635,000. Finally, Janney Montgomery Scott LLC raised its position in Vontier by 1.6% in the second quarter. Janney Montgomery Scott LLC now owns 41,649 shares of the company’s stock valued at $1,537,000 after purchasing an additional 638 shares during the period. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

About Vontier

Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.

The company’s diversified portfolio spans several well-known brands.