Analysts Set Vontier Corporation (NYSE:VNT) PT at $45.63

Vontier Corporation (NYSE:VNT) has received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $45.6250.

Several research analysts have recently weighed in on the company. KeyCorp lowered their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Bank of America reaffirmed an “underperform” rating and set a $40.00 target price (down previously from $50.00) on shares of Vontier in a research note on Friday, November 14th. 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. Robert W. Baird lowered their price objective on shares of Vontier from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Finally, Wall Street Zen downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Sunday, February 1st.

Institutional Trading of Vontier

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Vontier by 0.8% in the third quarter. Vanguard Group Inc. now owns 16,896,994 shares of the company’s stock worth $709,167,000 after acquiring an additional 135,780 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Vontier by 85.0% during the third quarter. Franklin Resources Inc. now owns 5,225,596 shares of the company’s stock worth $219,318,000 after purchasing an additional 2,401,220 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Vontier by 104.6% in the 2nd quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock worth $176,897,000 after purchasing an additional 2,450,723 shares in the last quarter. River Road Asset Management LLC grew its position in Vontier by 24.5% in the 2nd quarter. River Road Asset Management LLC now owns 3,115,850 shares of the company’s stock valued at $114,975,000 after purchasing an additional 613,746 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Vontier by 3.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,982,770 shares of the company’s stock valued at $125,184,000 after purchasing an additional 108,390 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.

Vontier Trading Up 0.3%

VNT opened at $40.32 on Tuesday. Vontier has a twelve month low of $27.22 and a twelve month high of $43.88. The company has a fifty day moving average of $37.56 and a 200-day moving average of $39.53. The stock has a market cap of $5.85 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.67 and a beta of 1.28. The company has a quick ratio of 0.90, a current ratio of 1.18 and a debt-to-equity ratio of 1.29.

About Vontier

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.