Vontier (NYSE:VNT) Sets New 12-Month High at $45.40

Vontier Co. (NYSE:VNT) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $45.40 and last traded at $45.36, with a volume of 833106 shares traded. The stock had previously closed at $44.74.

Analysts Set New Price Targets

VNT has been the subject of a number of research analyst reports. Citigroup increased their price target on Vontier from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 16th. The Goldman Sachs Group increased their price target on Vontier from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Argus increased their price target on Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, March 18th. UBS Group increased their price objective on Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Bank of America raised Vontier from a “neutral” rating to a “buy” rating and increased their price objective for the company from $37.00 to $40.00 in a report on Thursday, January 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Vontier presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.14.

Vontier Stock Performance

The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30. The firm has a fifty day moving average of $40.02 and a 200 day moving average of $35.10. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.39 and a quick ratio of 1.08.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, February 15th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. The firm had revenue of $789.00 million for the quarter, compared to analyst estimates of $780.92 million. Vontier had a return on equity of 60.00% and a net margin of 12.18%. Vontier’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. On average, sell-side analysts anticipate that Vontier Co. will post 3.15 earnings per share for the current fiscal year.

Vontier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.22%. The ex-dividend date is Wednesday, March 6th. Vontier’s payout ratio is currently 4.15%.

Institutional Trading of Vontier

Institutional investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. acquired a new stake in Vontier in the fourth quarter valued at approximately $35,000. FinTrust Capital Advisors LLC grew its holdings in Vontier by 1,985.7% in the third quarter. FinTrust Capital Advisors LLC now owns 1,168 shares of the company’s stock valued at $36,000 after purchasing an additional 1,112 shares during the period. International Assets Investment Management LLC grew its holdings in Vontier by 3,355.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,313 shares of the company’s stock valued at $45,000 after purchasing an additional 1,275 shares during the period. Principal Securities Inc. acquired a new stake in Vontier in the fourth quarter valued at approximately $50,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in Vontier in the second quarter valued at approximately $51,000. 95.83% of the stock is owned by institutional investors and hedge funds.

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.