Vontier (NYSE:VNT) Stock Gets Price Target Bump from KeyCorp

Vontier (NYSE:VNT) had its price objective increased by analysts at KeyCorp from $40.00 to $43.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp‘s price target indicates a potential upside of 8.48% from the company’s current price.

A number of other research firms also recently weighed in on VNT. Wolfe Research reiterated an “outperform” rating and set a $43.00 target price on shares of Vontier in a research report on Thursday, July 9th. Robert W. Baird set a $39.00 price target on Vontier in a research note on Friday, August 7th. Finally, Weiss Ratings raised Vontier from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.43.

Vontier Stock Down 0.7%

VNT opened at $39.64 on Friday. Vontier has a fifty-two week low of $27.25 and a fifty-two week high of $48.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.94 and a current ratio of 1.25. The stock has a fifty day moving average of $33.03 and a 200-day moving average of $33.77. The company has a market capitalization of $5.36 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.29 and a beta of 1.13.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, November 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. Vontier had a net margin of 11.34% and a return on equity of 38.57%. The firm had revenue of $736.90 million for the quarter, compared to analyst estimates of $727.98 million. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue was down 2.1% compared to the same quarter last year. On average, equities analysts expect that Vontier will post 3.49 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. King Luther Capital Management Corp increased its stake in shares of Vontier by 0.9% in the third quarter. King Luther Capital Management Corp now owns 150,585 shares of the company’s stock valued at $4,728,000 after buying an additional 1,381 shares during the period. Banyan Capital Management Inc. bought a new position in shares of Vontier during the third quarter worth about $14,509,000. Private Management Group Inc. lifted its stake in shares of Vontier by 4.5% in the third quarter. Private Management Group Inc. now owns 743,814 shares of the company’s stock worth $23,356,000 after acquiring an additional 32,061 shares during the period. Fulcrum Asset Management LLP acquired a new position in shares of Vontier in the third quarter worth approximately $494,000. Finally, Ethic Inc. boosted its holdings in Vontier by 91.5% in the third quarter. Ethic Inc. now owns 17,600 shares of the company’s stock valued at $553,000 after acquiring an additional 8,411 shares during the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Vontier

Here are the key news stories impacting Vontier this week:

• Positive Sentiment: Vontier reported Q3 adjusted earnings of $0.92 per share, above the $0.84 consensus, and revenue of $736.9 million, ahead of expectations of $728.0 million. Earnings also rose from $0.78 a year earlier. Vontier Q3 earnings results
• Positive Sentiment: Coverage of the earnings call highlighted margin expansion and cost savings as key drivers, reinforcing the view that operational improvements are helping offset softer sales. Q3 earnings call highlights
• Positive Sentiment: Vontier declared a regular dividend, providing continued income for shareholders. The announcement provided no dividend amount in the supplied information. Vontier declares regular dividend
• Negative Sentiment: Revenue declined 2.1% year over year, and the company’s outlook reportedly reflects caution about demand. That softer top-line trend could limit the durability of gains from cost controls and improved margins. Q3 deep dive and demand outlook

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.