HM Payson & Co. Takes Position in Vontier Co. (NYSE:VNT)


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HM Payson & Co. purchased a new stake in Vontier Co. (NYSE:VNT) in the 4th quarter, HoldingsChannel reports. The fund purchased 11,659 shares of the company’s stock, valued at approximately $389,000.

Other hedge funds also recently modified their holdings of the company. Bollard Group LLC acquired a new stake in Vontier during the fourth quarter worth approximately $25,000. South State CORP. acquired a new stake in Vontier during the fourth quarter worth approximately $29,000. Berman Capital Advisors LLC acquired a new stake in Vontier during the fourth quarter worth approximately $27,000. Cullen Frost Bankers Inc. acquired a new stake in Vontier during the fourth quarter worth approximately $33,000. Finally, Bedel Financial Consulting Inc. acquired a new stake in Vontier during the fourth quarter worth approximately $33,000. 6.14% of the stock is owned by institutional investors.

VNT has been the subject of several recent analyst reports. Argus initiated coverage on Vontier in a research note on Tuesday, December 15th. They set a “hold” rating for the company. Bank of America initiated coverage on Vontier in a research note on Thursday, February 25th. They set a “buy” rating and a $38.00 target price for the company. Finally, Zacks Investment Research cut Vontier from a “hold” rating to a “sell” rating in a research note on Tuesday, February 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Vontier currently has a consensus rating of “Buy” and a consensus price target of $39.83.

Shares of NYSE:VNT opened at $30.44 on Thursday. The business has a 50 day moving average price of $31.41. Vontier Co. has a 52-week low of $26.36 and a 52-week high of $39.00.

Vontier (NYSE:VNT) last announced its quarterly earnings results on Wednesday, February 10th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The firm had revenue of $815.00 million during the quarter, compared to the consensus estimate of $784.90 million. On average, equities analysts expect that Vontier Co. will post 2.42 EPS for the current year.

Vontier 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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