Vontier (NYSE:VNT) Shares Gap Up – Time to Buy?

31 Oct 2024, 16:32 by Michael Walen · The Markets Daily

Vontier Co. (NYSE:VNT – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $34.08, but opened at $36.29. Vontier shares last traded at $37.06, with a volume of 57,028 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Robert W. Baird reduced their price target on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barclays reduced their price target on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Evercore ISI cut their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Vontier currently has an average rating of “Moderate Buy” and a consensus price target of $44.25.

View Our Latest Stock Analysis on VNT

Vontier Stock Performance

The business’s 50-day moving average price is $33.85 and its 200-day moving average price is $36.98. 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 cap of $5.74 billion, a P/E ratio of 13.43, a P/E/G ratio of 1.50 and a beta of 1.27.

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

Vontier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, September 5th. Vontier’s dividend payout ratio is currently 3.62%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Foster & Motley Inc. raised its position in shares of Vontier by 227.8% during the 3rd quarter. Foster & Motley Inc. now owns 46,327 shares of the company’s stock valued at $1,563,000 after buying an additional 32,193 shares in the last quarter. River Road Asset Management LLC raised its position in shares of Vontier by 21.4% during the 3rd quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after buying an additional 415,750 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of Vontier during the 3rd quarter valued at about $37,000. Van ECK Associates Corp purchased a new stake in shares of Vontier during the 3rd quarter valued at about $2,611,000. Finally, Private Management Group Inc. raised its position in shares of Vontier by 1.1% during the 3rd quarter. Private Management Group Inc. now owns 502,578 shares of the company’s stock valued at $16,957,000 after buying an additional 5,571 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.

About Vontier

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