Paragon Capital Management LLC reduced its holdings in Vontier Co. (NYSE:VNT – Get Rating) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,960 shares of the company’s stock after selling 1,608 shares during the quarter. Vontier accounts for 1.2% of Paragon Capital Management LLC’s portfolio, making the stock its 22nd largest position. Paragon Capital Management LLC’s holdings in Vontier were worth $2,334,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of VNT. UMB Bank N A MO acquired a new stake in Vontier in the 4th quarter valued at approximately $25,000. Front Street Capital Management Inc. bought a new position in Vontier during the 3rd quarter valued at $28,000. Covestor Ltd bought a new position in Vontier during the 4th quarter valued at $38,000. CWM LLC bought a new position in Vontier during the 4th quarter valued at $40,000. Finally, Trust Co. of Vermont bought a new position in Vontier during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.
In related news, CFO David H. Naemura bought 8,500 shares of the business’s stock in a transaction on Monday, March 7th. The shares were bought at an average cost of $22.85 per share, for a total transaction of $194,225.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lynn Ross sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $25.41, for a total value of $25,410.00. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.
Vontier (NYSE:VNT – Get Rating) last issued its earnings results on Thursday, May 5th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.66 by $0.04. The business had revenue of $748.10 million during the quarter, compared to analysts’ expectations of $738.84 million. Vontier had a return on equity of 102.18% and a net margin of 18.88%. Vontier’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. As a group, sell-side analysts predict that Vontier Co. will post 3.25 earnings per share for the current year.
VNT has been the subject of a number of research reports. TheStreet lowered Vontier from a “c-” rating to a “d+” rating in a research note on Wednesday, February 23rd. Credit Suisse Group decreased their price target on Vontier from $40.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, February 18th. The Goldman Sachs Group reduced their price objective on Vontier from $33.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, April 7th. Barclays reduced their price objective on Vontier from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. Finally, Citigroup reduced their price objective on Vontier from $39.00 to $34.00 in a research note on Friday, February 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $35.00.
About Vontier (Get Rating)
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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