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

Shares of Vontier Corporation (NYSE:VNT) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $45.6250.

VNT has been the subject of several research reports. Barclays decreased their price objective on shares of Vontier from $49.00 to $47.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vontier in a research note on Monday, December 29th. Bank of America reissued an “underperform” rating and set a $40.00 price target (down from $50.00) on shares of Vontier in a report on Friday, November 14th. KeyCorp cut their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Wall Street Zen cut Vontier from a “buy” rating to a “hold” rating in a research report on Sunday.

Hedge Funds Weigh In On Vontier

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in 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 buying an additional 1,304 shares during the last quarter. Goldman Sachs Group Inc. grew 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 valued at $12,685,000 after acquiring an additional 115,740 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 worth $19,170,000 after purchasing an additional 62,040 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Vontier by 1.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 41,649 shares of the company’s stock worth $1,537,000 after purchasing an additional 638 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Vontier by 3.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 79,514 shares of the company’s stock worth $2,934,000 after purchasing an additional 2,432 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Trading Up 0.7%

Vontier stock opened at $37.77 on Tuesday. Vontier has a one year low of $27.22 and a one year high of $43.88. The business’s fifty day moving average is $37.32 and its 200 day moving average is $39.52. The stock has a market capitalization of $5.48 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.18 and a quick ratio of 0.90.

Vontier Company Profile

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.