Vontier (NYSE:VNT) Shares Gap Down on Disappointing Earnings

Vontier Co. (NYSE:VNT) shares gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $39.23, but opened at $34.01. Vontier shares last traded at $34.13, with a volume of 406,010 shares changing hands.

The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). The firm had revenue of $696.40 million during the quarter, compared to analysts’ expectations of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. The business’s revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the business earned $0.67 EPS.

Analyst Upgrades and Downgrades

VNT has been the topic of a number of recent research reports. Robert W. Baird dropped their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday. Citigroup upped their price objective on shares of Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.63.

Institutional Trading of Vontier

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rise Advisors LLC acquired a new stake in Vontier in the 1st quarter valued at $27,000. Opal Wealth Advisors LLC purchased a new stake in shares of Vontier during the first quarter worth about $30,000. Riverview Trust Co acquired a new position in shares of Vontier during the 1st quarter worth about $33,000. ORG Partners LLC purchased a new stake in Vontier during the 1st quarter worth approximately $35,000. Finally, Headlands Technologies LLC purchased a new stake in Vontier during the 1st quarter worth approximately $46,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Stock Down 6.3 %

The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.12 and a beta of 1.29. The business has a fifty day simple moving average of $38.88 and a 200 day simple moving average of $39.92. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.23.

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.