Vontier (NYSE:VNT) Price Target Lowered to $36.00 at Citigroup

Vontier (NYSE:VNT) had its price target reduced by analysts at Citigroup from $45.00 to $36.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 18.93% from the stock’s previous close.

VNT has been the subject of a number of other research reports. Robert W. Baird raised their price objective on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Barclays lowered their price target on Vontier from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Vontier currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.17.

Vontier Price Performance

VNT stock traded up $0.33 on Monday, hitting $30.27. 981,743 shares of the company’s stock traded hands, compared to its average volume of 865,274. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.23 and a beta of 1.28. Vontier has a 1-year low of $27.22 and a 1-year high of $42.04. The stock has a fifty day moving average of $34.64 and a 200-day moving average of $36.17.

Vontier (NYSE:VNT) last announced its earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. Vontier had a return on equity of 43.22% and a net margin of 14.17%. The business had revenue of $776.80 million during the quarter. On average, analysts forecast that Vontier will post 3.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Global X Japan Co. Ltd. lifted its holdings in shares of Vontier by 137.7% during the 4th quarter. Global X Japan Co. Ltd. now owns 744 shares of the company’s stock valued at $27,000 after buying an additional 431 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Vontier during the third quarter valued at about $40,000. Lazard Asset Management LLC bought a new stake in shares of Vontier during the 4th quarter worth about $73,000. Farther Finance Advisors LLC increased its holdings in shares of Vontier by 44.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,273 shares of the company’s stock valued at $83,000 after acquiring an additional 700 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Vontier by 66.8% in the 4th quarter. Covestor Ltd now owns 2,437 shares of the company’s stock valued at $89,000 after acquiring an additional 976 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

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.