Vontier (NYSE:VNT) Price Target Raised to $46.00

Vontier (NYSE:VNT) had its price target increased by equities research analysts at Barclays from $45.00 to $46.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 16.99% from the stock’s previous close.

Several other equities research analysts have also commented on VNT. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, December 12th. UBS Group began coverage on shares of Vontier in a report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price target on the stock. Finally, Citigroup dropped their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Vontier presently has an average rating of “Moderate Buy” and a consensus price target of $44.75.

Vontier Stock Performance

Shares of VNT opened at $39.32 on Friday. Vontier has a one year low of $31.22 and a one year high of $45.62. The business has a fifty day moving average of $37.68 and a 200 day moving average of $36.13. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.64 and a quick ratio of 1.23. The firm has a market capitalization of $5.91 billion, a P/E ratio of 15.06, a PEG ratio of 1.75 and a beta of 1.26.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $776.80 million during the quarter. Vontier had a net margin of 13.54% and a return on equity of 45.48%. As a group, sell-side analysts anticipate that Vontier will post 2.88 EPS for the current year.

Hedge Funds Weigh In On Vontier

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its holdings in Vontier by 10.9% in the 3rd quarter. Blue Trust Inc. now owns 4,171 shares of the company’s stock valued at $141,000 after acquiring an additional 410 shares during the last quarter. Raymond James & Associates lifted its position in shares of Vontier by 15.7% in the third quarter. Raymond James & Associates now owns 234,891 shares of the company’s stock worth $7,925,000 after buying an additional 31,952 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Vontier by 18.2% during the third quarter. Sequoia Financial Advisors LLC now owns 68,368 shares of the company’s stock valued at $2,307,000 after buying an additional 10,511 shares during the last quarter. Greenleaf Trust purchased a new position in Vontier during the 3rd quarter valued at approximately $2,678,000. Finally, International Assets Investment Management LLC increased its stake in Vontier by 2,976.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046 shares of the company’s stock worth $35,000 after acquiring an additional 1,012 shares during the last quarter. Hedge funds and other 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.