Paragon Capital Management LLC Trims Stock Position in Vontier Co. (NYSE:VNT)

Paragon Capital Management LLC cut its holdings in shares of Vontier Co. (NYSE:VNT) by 1.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,766 shares of the company’s stock after selling 1,260 shares during the period. Vontier accounts for 1.3% of Paragon Capital Management LLC’s holdings, making the stock its 23rd biggest holding. Paragon Capital Management LLC’s holdings in Vontier were worth $2,631,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisor Partners LLC boosted its stake in Vontier by 4.4% in the first quarter. Advisor Partners LLC now owns 7,990 shares of the company’s stock valued at $242,000 after acquiring an additional 337 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Vontier by 5.1% in the first quarter. Commonwealth Equity Services LLC now owns 7,947 shares of the company’s stock valued at $240,000 after acquiring an additional 388 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in Vontier by 5.2% in the first quarter. Kestra Advisory Services LLC now owns 8,788 shares of the company’s stock valued at $266,000 after acquiring an additional 436 shares in the last quarter. Natixis Advisors L.P. boosted its stake in Vontier by 1.2% in the first quarter. Natixis Advisors L.P. now owns 63,316 shares of the company’s stock valued at $1,915,000 after acquiring an additional 730 shares in the last quarter. Finally, Telemus Capital LLC boosted its stake in Vontier by 6.0% in the second quarter. Telemus Capital LLC now owns 15,586 shares of the company’s stock valued at $508,000 after acquiring an additional 885 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Several equities research analysts have weighed in on the stock. Credit Suisse Group raised their target price on shares of Vontier from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, August 9th. JPMorgan Chase & Co. assumed coverage on shares of Vontier in a research note on Thursday, May 27th. They set a “neutral” rating and a $37.00 price objective for the company. Zacks Investment Research upgraded shares of Vontier from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Tuesday, August 10th. Argus raised shares of Vontier from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Thursday, May 20th. Finally, The Goldman Sachs Group started coverage on shares of Vontier in a report on Thursday, June 3rd. They issued a “neutral” rating and a $40.00 price objective for the company. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $40.50.

NYSE:VNT traded down $0.60 on Friday, hitting $35.29. The stock had a trading volume of 3,707 shares, compared to its average volume of 1,793,081. The company has a quick ratio of 1.57, a current ratio of 1.89 and a debt-to-equity ratio of 5.68. The stock has a market cap of $5.96 billion and a price-to-earnings ratio of 13.44. The company has a fifty day moving average price of $34.09 and a two-hundred day moving average price of $33.05. Vontier Co. has a 1-year low of $26.36 and a 1-year high of $39.00.

Vontier (NYSE:VNT) last posted its earnings results on Thursday, August 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06. The company had revenue of $724.60 million for the quarter, compared to analyst estimates of $678.19 million. Vontier had a net margin of 15.07% and a return on equity of 82.44%. The firm’s revenue was up 35.8% compared to the same quarter last year. As a group, analysts anticipate that Vontier Co. will post 2.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 23rd. Investors of record on Thursday, September 2nd will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.28%. The ex-dividend date is Wednesday, September 1st. Vontier’s payout ratio is currently 4.05%.

Vontier Company Profile

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

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Institutional Ownership by Quarter for Vontier (NYSE:VNT)

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