Vontier (NYSE:VNT) Price Target Cut to $42.00 by Analysts at Robert W. Baird

Vontier (NYSE:VNT) had its price objective decreased by Robert W. Baird from $44.00 to $42.00 in a research note released on Friday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Separately, Citigroup upped their target price on Vontier from $45.00 to $51.00 and gave the company a buy rating in a report on Monday, April 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $44.63.

Vontier Stock Performance

NYSE VNT opened at $32.41 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.69 and a quick ratio of 1.23. The business has a 50 day moving average price of $38.72 and a 200 day moving average price of $39.99. The company has a market capitalization of $5.00 billion, a P/E ratio of 11.74, a PEG ratio of 1.05 and a beta of 1.29. Vontier has a 1-year low of $28.84 and a 1-year high of $45.62.

Vontier (NYSE:VNT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.08). Vontier had a net margin of 13.43% and a return on equity of 49.17%. The business had revenue of $696.40 million during the quarter, compared to analysts’ expectations of $746.43 million. During the same period in the prior year, the firm earned $0.67 EPS. Vontier’s revenue for the quarter was down 8.9% on a year-over-year basis. Sell-side analysts expect that Vontier will post 2.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Vontier

Hedge funds have recently bought and sold shares of the business. Rise Advisors LLC bought a new stake in Vontier during the first quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Vontier in the 1st quarter valued at $30,000. Riverview Trust Co acquired a new position in shares of Vontier in the 1st quarter valued at $33,000. ORG Partners LLC acquired a new position in shares of Vontier in the 1st quarter valued at $35,000. Finally, Headlands Technologies LLC acquired a new position in Vontier in the 1st quarter worth $46,000. 95.83% of the stock is 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.