Vontier (NYSE:VNT) Downgraded by Argus

Argus lowered shares of Vontier (NYSE:VNT) from a buy rating to a hold rating in a report issued on Tuesday, MarketBeat.com reports.

Several other equities analysts have also issued reports on the stock. Barclays dropped their target price on shares of Vontier from $50.00 to $44.00 and set an overweight rating on the stock in a report on Monday, August 5th. Robert W. Baird decreased their price target on Vontier from $44.00 to $42.00 and set a neutral rating for the company in a research report on Friday, August 2nd. Finally, Evercore ISI cut their price target on shares of Vontier from $45.00 to $40.00 and set an outperform rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $44.25.

Vontier Price Performance

Vontier stock opened at $34.39 on Tuesday. The stock has a fifty day moving average of $37.35 and a 200-day moving average of $39.80. Vontier has a 52 week low of $28.84 and a 52 week high of $45.62. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.26 and a current ratio of 1.69. The stock has a market capitalization of $5.31 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.29.

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

Vontier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.29%. Vontier’s payout ratio is 3.62%.

Institutional Trading of Vontier

Institutional investors and hedge funds have recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in Vontier in the first quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new position in shares of Vontier during the first quarter valued at about $30,000. Riverview Trust Co purchased a new position in shares of Vontier in the 1st quarter valued at approximately $33,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Vontier in the 4th quarter worth about $35,000. Finally, ORG Partners LLC bought a new stake in Vontier during the first quarter worth about $35,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Company Profile

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.