A company insider recently bought 8,500 shares of Vontier Corporation [VNT]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Vontier Corporation shares valued at $194,234 were purchased by Naemura David H. on Mar 07. At $22.85 per share, Naemura David H. acquired 8,500 shares. The insider’s holdings grew to 163,062 shares worth approximately $4.04 million following the completion of this transaction.

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Also, Ross Lynn sold 1,000 shares, netting a total of over 25,410 in proceeds. Following the sale of shares at $25.41 each, the insider now holds 12,030 shares.

Before that, Ross Lynn had sold 950 shares from its account. In a trade valued at $32,213, the VP, Chief Accounting Officer traded Vontier Corporation shares for $33.91 each. Upon closing the transaction, the insider’s holdings decreased to 950 shares, worth approximately $0.36 million.

As published in a research note from Robert W. Baird on February 18, 2022, Vontier Corporation [VNT] has been rated down from an Outperform to a Neutral and the price target has been revised to $29 from $45. This represents a 14.66% premium over Thursday’s closing price. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of June 03, 2021, Goldman has initiated its “Neutral” rating for VNT. Earlier on May 27, 2021, JP Morgan initiated its rating. Their recommendation was “a Neutral” for VNT stock.

Analyzing VNT’s Price Performance

On Thursday, Vontier Corporation [NYSE: VNT] plunged -6.07% to $24.75. The stock’s lowest price that day was $24.61, but it reached a high of $26.20 in the same session. During the last five days, there has been a drop of approximately -3.21%. Over the course of the year, Vontier Corporation shares have dropped approximately -19.46%. Shares of the company reached a 52-week high of $31.30 on 01/05/22 and a 52-week low of $21.16 on 07/14/22. A 50-day SMA is recorded $24.33, while a 200-day SMA reached $27.38. Nevertheless, trading volume fell to 1.82 million shares from 0.83 million shares the previous day.

Support And Resistance Levels for Vontier Corporation (VNT)

According to the 24-hour chart, there is a support level at 24.17, which, if violated, would cause prices to drop to 23.60. In the upper region, resistance lies at 25.76. The next price resistance is at 26.78. RSI (Relative Strength Index) is 53.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.00, which suggests the price will increase in the coming days. Percent R is at 37.36%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Vontier Corporation subject to short interest?

Stocks of Vontier Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.87 million shares to 2.39 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.26 million shares. A decline of -36.4% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.74 of the overall float, the days-to-cover ratio (short ratio) decline to 1.74.

Which companies own the most shares of Vontier Corporation (VNT)?

According to The Vanguard Group, Inc. filings, the company currently owns 15,308,041 shares, which is about 9.51% of the total VNT shares outstanding. The investor’s shares have plunged by -353,341 from its previous 13-F filing of 15661382.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $305,833,096. Putnam Investment Management LLC acquire a 0.93% interest valued at $154.66 million while Fidelity Management & Research Co purchased a 1,120,639 stake. A total of 221,705 shares of Vontier Corporation were bought by SSgA Funds Management, Inc. during the quarter, and -851,753 were sold by Thompson, Siegel & Walmsley LLC. In its current portfolio, Sound Shore Management, Inc. holds 3,696,991 shares valued at $84.99 million.

In terms of Vontier Corporation share price expectations, FactSet research, analysts set an average price target of $32.00 in the next 12 months, up nearly 17.65% from the previous closing price of $26.35. Analysts anticipate Vontier Corporation stock to reach $46.00 by 2022, with the lowest price target being $23.00. In spite of this, 13 analysts ranked Vontier Corporation stock as an Overweight at the end of 2022. On May 20, 2021, Argus assigned a price target of “a Buy” to the stock and upgraded coverage with a $40.


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