Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vontier Corporation shares valued at $63,760 were sold by Miller Andrew on Aug 16. At $23.88 per share, Miller Andrew sold 2,670 shares. The insider’s holdings dropped to 13,800 shares worth approximately $0.26 million following the completion of this transaction.
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Also, Naemura David H. purchased 8,500 shares, netting a total of over 194,234 in proceeds. Following the buying of shares at $22.85 each, the insider now holds 163,062 shares.
Before that, Ross Lynn had sold 1,000 shares from its account. In a trade valued at $25,410, the VP, Chief Accounting Officer traded Vontier Corporation shares for $25.41 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.22 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 35.69% premium over Wednesday’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 Wednesday, Vontier Corporation [NYSE: VNT] plunged -1.32% to $18.65. The stock’s lowest price that day was $18.65, but it reached a high of $19.26 in the same session. During the last five days, there has been a drop of approximately -10.81%. Over the course of the year, Vontier Corporation shares have dropped approximately -39.31%. Shares of the company reached a 52-week high of $31.30 on 01/05/22 and a 52-week low of $18.64 on 09/20/22. A 50-day SMA is recorded $22.96, while a 200-day SMA reached $25.57. Nevertheless, trading volume fell to 1.31 million shares from 1.46 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 18.45, which, if violated, would cause prices to drop to 18.24. In the upper region, resistance lies at 19.06. The next price resistance is at 19.46. RSI (Relative Strength Index) is 23.75 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.69, which suggests the price will decrease in the coming days. Percent R is at 99.73%, indicating bearish price movement. Stochastics %K at buying 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 15,401,938 shares, which is about 9.75% of the total VNT shares outstanding. The investor’s shares have appreciated by 93,897 from its previous 13-F filing of 15308041.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $279,404,661. Putnam Investment Management LLC reduced a -0.16% interest valued at $147.23 million while Fidelity Management & Research Co purchased a 150,289 stake. A total of -578,142 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 3,360,578 shares valued at $73.66 million.