Vontier (NYSE:VNT) Given New $43.00 Price Target at Robert W. Baird

Vontier (NYSE:VNT) had its target price lifted by Robert W. Baird from $42.00 to $43.00 in a research report sent to investors on Tuesday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other equities analysts also recently commented on VNT. UBS Group initiated coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price for the company. Citigroup cut their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, January 13th. Barclays upped their target price on shares of Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Wolfe Research raised shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $45.43.

Vontier Trading Down 4.2 %

Shares of Vontier stock opened at $38.62 on Tuesday. Vontier has a 52-week low of $31.22 and a 52-week high of $45.62. The firm has a market capitalization of $5.74 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.26. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.51 and a quick ratio of 1.14. The company’s fifty day moving average price is $37.71 and its two-hundred day moving average price is $36.24.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $776.80 million for the quarter. Vontier had a net margin of 14.17% and a return on equity of 43.22%. On average, analysts expect that Vontier will post 3.13 EPS for the current year.

Vontier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.025 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.26%. Vontier’s dividend payout ratio is 3.64%.

Institutional Investors Weigh In On Vontier

A number of hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. lifted its position in shares of Vontier by 5.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,323,491 shares of the company’s stock worth $121,208,000 after purchasing an additional 173,542 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Vontier by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,666,927 shares of the company’s stock worth $97,260,000 after purchasing an additional 75,775 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Vontier by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,571,207 shares of the company’s stock worth $86,776,000 after buying an additional 18,091 shares in the last quarter. Mackenzie Financial Corp boosted its position in Vontier by 0.8% in the 4th quarter. Mackenzie Financial Corp now owns 2,540,329 shares of the company’s stock valued at $92,646,000 after buying an additional 20,649 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Vontier by 4.0% in the 4th quarter. Ameriprise Financial Inc. now owns 2,515,579 shares of the company’s stock valued at $91,740,000 after buying an additional 96,554 shares during the period. Institutional investors own 95.83% of the company’s stock.

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.