Analysts Set Vontier Co. (NYSE:VNT) Price Target at $31.00

Shares of Vontier Co. (NYSE:VNT) have earned an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $31.00.

A number of research firms have recently weighed in on VNT. UBS Group began coverage on Vontier in a research note on Wednesday, September 27th. They set a “buy” rating and a $38.00 price objective for the company. Barclays increased their price objective on Vontier from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Finally, TheStreet raised Vontier from a “c+” rating to a “b” rating in a research note on Monday, September 25th.

Vontier Stock Down 0.7 %

Shares of VNT opened at $33.70 on Thursday. The firm has a market cap of $5.20 billion, a P/E ratio of 15.60, a P/E/G ratio of 4.16 and a beta of 1.21. The stock has a 50 day simple moving average of $31.06 and a two-hundred day simple moving average of $30.72. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.50 and a quick ratio of 1.14. Vontier has a 1 year low of $18.13 and a 1 year high of $34.23.

Vontier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, November 30th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. Vontier’s dividend payout ratio is presently 4.63%.

Hedge Funds Weigh In On Vontier

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Vontier by 1.6% in the first quarter. BlackRock Inc. now owns 14,668,635 shares of the company’s stock worth $372,436,000 after purchasing an additional 228,497 shares in the last quarter. FMR LLC raised its holdings in Vontier by 25.8% in the third quarter. FMR LLC now owns 13,493,831 shares of the company’s stock worth $417,229,000 after purchasing an additional 2,767,188 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in Vontier in the fourth quarter worth $127,000,000. State Street Corp raised its holdings in Vontier by 4.7% in the first quarter. State Street Corp now owns 4,898,032 shares of the company’s stock worth $124,361,000 after purchasing an additional 221,705 shares in the last quarter. Finally, River Road Asset Management LLC raised its holdings in Vontier by 1.9% in the second quarter. River Road Asset Management LLC now owns 3,414,890 shares of the company’s stock worth $109,994,000 after purchasing an additional 62,100 shares in the last quarter. Institutional investors own 94.77% of the company’s stock.

About Vontier

Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility ecosystem worldwide. The company offers a range of solutions, including environmental sensors; fueling equipment; field payment hardware; point-of sale, workflow, and monitoring software; vehicle tracking and fleet management; software solutions for traffic light control; and vehicle mechanics', and technicians' equipment.