Vontier Corporation (NYSE:VNT) Stock Has Consensus Target Price of $41.00 According to Brokerages

Shares of Vontier Corporation (NYSE:VNT) have been given an average rating of “Hold” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $41.86.

VNT has been the topic of a number of recent research reports. KeyCorp lifted their target price on Vontier from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird set a $39.00 price target on Vontier in a research report on Friday, August 7th. Weiss Ratings raised Vontier from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Citigroup lifted their price target on Vontier from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday.

Hedge Funds Weigh In On Vontier

Several institutional investors and hedge funds have recently added to or reduced their stakes in VNT. BlackRock Inc. purchased a new position in Vontier during the second quarter valued at approximately $388,315,000. Turtle Creek Asset Management Inc. grew its stake in Vontier by 17.5% in the first quarter. Turtle Creek Asset Management Inc. now owns 2,114,615 shares of the company’s stock valued at $75,005,000 after purchasing an additional 314,211 shares in the last quarter. Corient Private Wealth LP purchased a new position in Vontier in the second quarter valued at about $65,037,000. Russell Investments Group Ltd. increased its position in Vontier by 2.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,918,476 shares of the company’s stock worth $60,240,000 after purchasing an additional 50,713 shares during the last quarter. Finally, Heron Bay Capital Management acquired a new position in Vontier in the 2nd quarter worth about $55,830,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Vontier

Here are the key news stories impacting Vontier this week:

• Positive Sentiment: Vontier reported third-quarter EPS of $0.92, beating the $0.84 consensus, and revenue of $736.9 million, above estimates of $728.0 million. Coverage also highlighted margin expansion and cost savings; the company raised its full-year guidance. Vontier Q3 results
• Positive Sentiment: Citigroup raised its price target to $47 from $44 and assigned a Buy rating, while KeyCorp lifted its target to $43 from $40 and maintained an Overweight rating. The upgrades may reinforce investor confidence after the earnings beat.
• Positive Sentiment: The company declared its regular dividend, continuing shareholder returns. Vontier declares regular dividend
• Neutral Sentiment: Despite the earnings beat, revenue declined 2.1% year over year. A Q3 analysis pointed to margin improvement but a cautious demand outlook, suggesting growth may remain a concern. Q3 analysis
• Negative Sentiment: A separate valuation analysis said VNT could be about 7% overvalued, which may limit further upside even after the raised guidance. Vontier valuation analysis

Vontier Stock Performance

NYSE:VNT opened at $42.08 on Thursday. The company has a 50-day moving average of $33.20 and a 200-day moving average of $33.80. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.13. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of 1.31. Vontier has a twelve month low of $27.25 and a twelve month high of $48.20.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, November 5th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. The firm had revenue of $736.90 million during the quarter, compared to analysts’ expectations of $727.98 million. Vontier had a net margin of 11.27% and a return on equity of 39.53%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. Analysts forecast that Vontier will post 3.62 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 3rd were given a $0.0250 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, September 3rd. Vontier’s dividend payout ratio is 4.15%.

Vontier Company Profile

Vontier Corporation (NYSE:VNT) is a global industrial technology company that develops and provides solutions for the mobility, transportation and connected infrastructure markets. Its products and services help businesses manage fueling, fleet operations, vehicle maintenance, repair and diagnostics, and related workflows.

Vontier’s portfolio includes technologies for retail and commercial fueling, fuel measurement and environmental compliance, fleet tracking and telematics, automotive repair equipment, diagnostic tools and aftermarket services.