Brokerages Set Vontier Corporation (NYSE:VNT) PT at $45.63

Shares of Vontier Corporation (NYSE:VNT) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $45.6250.

VNT has been the subject of several research reports. Wall Street Zen downgraded Vontier from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st. Barclays dropped their price objective on shares of Vontier from $49.00 to $47.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Bank of America reiterated an “underperform” rating and set a $40.00 target price (down from $50.00) on shares of Vontier in a report on Friday, November 14th. KeyCorp dropped their price target on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Weiss Ratings cut Vontier from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th.

Institutional Trading of Vontier

Large investors have recently made changes to their positions in the company. Lazard Asset Management LLC increased its position in shares of Vontier by 7.7% in the 2nd quarter. Lazard Asset Management LLC now owns 3,534 shares of the company’s stock valued at $129,000 after purchasing an additional 253 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Vontier by 0.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 38,681 shares of the company’s stock valued at $1,629,000 after buying an additional 268 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Vontier by 39.0% in the second quarter. Parkside Financial Bank & Trust now owns 973 shares of the company’s stock valued at $36,000 after buying an additional 273 shares in the last quarter. Americana Partners LLC raised its stake in Vontier by 4.9% in the fourth quarter. Americana Partners LLC now owns 6,217 shares of the company’s stock valued at $231,000 after buying an additional 289 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Vontier by 15.4% during the 3rd quarter. Versant Capital Management Inc now owns 2,235 shares of the company’s stock worth $94,000 after buying an additional 299 shares during the last quarter. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Trading Up 1.2%

VNT opened at $42.60 on Tuesday. Vontier has a 52 week low of $27.22 and a 52 week high of $43.88. The company has a quick ratio of 0.90, a current ratio of 1.18 and a debt-to-equity ratio of 1.29. The business has a fifty day simple moving average of $37.81 and a 200-day simple moving average of $39.59. The firm has a market cap of $6.18 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.75 and a beta of 1.28.

About Vontier

Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.

The company’s diversified portfolio spans several well-known brands.