Vontier (NYSE:VNT) Cut to “Hold” at Wall Street Zen

Vontier (NYSE:VNT) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

VNT has been the topic of a number of other reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vontier in a report on Monday, December 29th. Robert W. Baird cut their price objective on Vontier from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. KeyCorp reduced their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Bank of America reiterated an “underperform” rating and issued a $40.00 target price (down from $50.00) on shares of Vontier in a report on Friday, November 14th. Finally, Barclays cut their price target on Vontier from $49.00 to $47.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.63.

Vontier Stock Performance

NYSE VNT opened at $37.47 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.18 and a quick ratio of 0.90. The company has a market cap of $5.44 billion, a P/E ratio of 13.72, a P/E/G ratio of 1.53 and a beta of 1.28. The stock has a 50-day moving average of $37.26 and a two-hundred day moving average of $39.51. Vontier has a 1-year low of $27.22 and a 1-year high of $43.88.

Vontier (NYSE:VNT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. The business had revenue of $752.50 million for the quarter, compared to analysts’ expectations of $747.32 million. Vontier had a net margin of 13.34% and a return on equity of 40.49%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 earnings per share. As a group, analysts anticipate that Vontier will post 3.13 EPS for the current year.

Institutional Trading of Vontier

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC acquired a new position in shares of Vontier in the 3rd quarter valued at $37,000. Allworth Financial LP lifted its position in Vontier by 212.9% in the third quarter. Allworth Financial LP now owns 948 shares of the company’s stock valued at $40,000 after acquiring an additional 645 shares during the last quarter. Parkside Financial Bank & Trust boosted 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 acquiring an additional 273 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Vontier during the third quarter worth about $58,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of Vontier during the second quarter worth about $53,000. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Company Profile

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.