Vontier (NYSE:VNT) Hits New 1-Year Low at $18.98

Shares of Vontier Co. (NYSE:VNTGet Rating) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $18.98 and last traded at $18.99, with a volume of 1997 shares. The stock had previously closed at $19.48.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Vontier from $31.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, June 23rd. Citigroup raised their price objective on Vontier to $29.00 in a report on Monday, August 15th. Finally, Barclays cut their target price on Vontier from $39.00 to $33.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.67.

Vontier Stock Performance

The stock has a 50 day simple moving average of $22.95 and a 200 day simple moving average of $24.25. The company has a quick ratio of 1.20, a current ratio of 1.58 and a debt-to-equity ratio of 5.17. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 5.98, a P/E/G ratio of 0.99 and a beta of 1.12.

Vontier (NYSE:VNTGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. The business had revenue of $776.40 million during the quarter, compared to analysts’ expectations of $763.00 million. Vontier had a return on equity of 97.01% and a net margin of 16.97%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. As a group, analysts anticipate that Vontier Co. will post 3.24 earnings per share for the current fiscal year.

Vontier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, August 31st. Vontier’s dividend payout ratio (DPR) is currently 3.21%.

Insider Transactions at Vontier

In related news, Director Andrew Miller sold 2,670 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $23.88, for a total transaction of $63,759.60. Following the completion of the transaction, the director now owns 13,800 shares in the company, valued at approximately $329,544. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is owned by insiders.

Hedge Funds Weigh In On Vontier

Several institutional investors have recently bought and sold shares of VNT. Meeder Asset Management Inc. acquired a new stake in shares of Vontier in the 1st quarter valued at $29,000. Janiczek Wealth Management LLC grew its stake in Vontier by 256.3% in the second quarter. Janiczek Wealth Management LLC now owns 1,158 shares of the company’s stock valued at $30,000 after acquiring an additional 833 shares during the period. Rosenberg Matthew Hamilton grew its stake in Vontier by 331.9% in the second quarter. Rosenberg Matthew Hamilton now owns 1,555 shares of the company’s stock valued at $36,000 after acquiring an additional 1,195 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Vontier in the first quarter valued at about $43,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Vontier by 107.3% in the first quarter. Quadrant Capital Group LLC now owns 1,866 shares of the company’s stock valued at $48,000 after purchasing an additional 966 shares in the last quarter. Institutional investors own 93.08% of the company’s stock.

About Vontier

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Vontier Corporation engages in the research and development, manufacture, sale, and distribution of technical equipment, components, software, and services for manufacturing, repairing, and servicing in the mobility infrastructure industry worldwide. The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, point-of sale, workflow and monitoring software, vehicle tracking and fleet management, software solutions for traffic light control, and vehicle mechanics', and technicians' equipment.

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