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

Vontier Co. (NYSE:VNT)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $45.40 and last traded at $45.36, with a volume of 833106 shares. The stock had previously closed at $44.74.

Analyst Ratings Changes

VNT has been the subject of several recent analyst reports. UBS Group boosted their price objective on shares of Vontier from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Evercore ISI boosted their price objective on shares of Vontier from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Citigroup lifted their target price on shares of Vontier from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 16th. Bank of America raised shares of Vontier from a “neutral” rating to a “buy” rating and lifted their target price for the company from $37.00 to $40.00 in a report on Thursday, January 11th. Finally, Argus lifted their target price on shares of Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vontier currently has an average rating of “Moderate Buy” and a consensus target price of $44.14.

Vontier Stock Performance

The company has a 50 day moving average price of $40.02 and a 200 day moving average price of $35.10. The company has a market capitalization of $6.98 billion, a PE ratio of 18.73, a PEG ratio of 1.29 and a beta of 1.30. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.08 and a current ratio of 1.39.

Vontier (NYSE:VNT) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. Vontier had a net margin of 12.18% and a return on equity of 60.00%. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $780.92 million. During the same period in the previous year, the business earned $0.81 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. Equities analysts forecast that Vontier Co. will post 3.15 EPS for the current year.

Vontier Dividend Announcement

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

Institutional Investors Weigh In On Vontier

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. acquired a new position in shares of Vontier during the fourth quarter worth approximately $127,000,000. FMR LLC raised its stake in shares of Vontier by 25.8% during the third quarter. FMR LLC now owns 13,493,831 shares of the company’s stock worth $417,229,000 after buying an additional 2,767,188 shares during the last quarter. Select Equity Group L.P. bought a new stake in shares of Vontier during the first quarter worth approximately $50,009,000. Norges Bank acquired a new position in Vontier during the fourth quarter valued at approximately $33,980,000. Finally, AQR Capital Management LLC grew its holdings in Vontier by 79.5% during the fourth quarter. AQR Capital Management LLC now owns 2,715,869 shares of the company’s stock valued at $51,629,000 after purchasing an additional 1,202,784 shares during the period. 95.83% of the stock is currently 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.