Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vontier Corporation shares valued at $37,532 were purchased by KLEIN CHRISTOPHER J on Nov 09. At $18.77 per share, KLEIN CHRISTOPHER J acquired 2,000 shares. The insider’s holdings grew to 16,850 shares worth approximately $0.45 million following the completion of this transaction.
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Also, Aga Anshooman purchased 1,000 shares, netting a total of over 18,515 in proceeds. Following the buying of shares at $18.52 each, the insider now holds 2,500 shares.
Before that, Morelli Mark D had added 2,000 shares to its account. In a trade valued at $34,840, the President and CEO bought Vontier Corporation shares for $17.42 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $9.26 million.
As published in a research note from BofA Securities on December 12, 2022, Vontier Corporation [VNT] has been rated down from a Buy to a Neutral and the price target has been revised to $21 from $30. This represents a -27.24% premium over Wednesday’s closing price. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early December. As of February 18, 2022, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for VNT. Earlier on July 08, 2021, Berenberg initiated its rating. Their recommendation was “a Buy” for VNT stock.
Analyzing VNT Stock Performance
On Wednesday, Vontier Corporation [NYSE: VNT] rose 2.10% to $26.72. The stock’s lowest price that day was $25.96, but it reached a high of $26.76 in the same session. During the last five days, there has been a surge of approximately 4.05%. Over the course of the year, Vontier Corporation shares have jumped approximately 38.23%. Shares of the company reached a 52-week high of $26.76 on 03/01/23 and a 52-week low of $19.34 on 01/03/23. A 50-day SMA is recorded $22.23, while a 200-day SMA reached $21.87. Nevertheless, trading volume fell to 0.83 million shares from 1.05 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 26.20, which, if violated, would cause prices to drop to 25.68. In the upper region, resistance lies at 27.00. The next price resistance is at 27.28. RSI (Relative Strength Index) is 78.13 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.22, which suggests the price will increase in the coming days. Percent R is at 1.01%, indicating bullish 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 Jan 30, 2023 dropping by 60000.0 shares to 3.76 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 3.82 million shares. A decline of -1.6% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.85 of the overall float, the days-to-cover ratio (short ratio) decline to 3.85.
Which companies own the most shares of Vontier Corporation (VNT)?
According to The Vanguard Group, Inc. filings, the company currently owns 15,740,838 shares, which is about 9.96% of the total VNT shares outstanding. The investor’s shares have appreciated by 463,974 from its previous 13-F filing of 15276864.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $299,645,541. Fidelity Management & Research Co acquire a 33.43% interest valued at $181.86 million while Putnam Investment Management LLC purchased a 174,110 stake. A total of 6,570,054 shares of Vontier Corporation were bought by T. Rowe Price Investment Manageme during the quarter, and 113,003 were bought by SSgA Funds Management, Inc. In its current portfolio, American Century Investment Manag holds 3,727,597 shares valued at $85.85 million.
In terms of Vontier Corporation share price expectations, FactSet research, analysts set an average price target of $26.67 in the next 12 months, up nearly 3.17% from the previous closing price of $26.17. Analysts anticipate Vontier Corporation stock to reach $31.00 by 2023, with the lowest price target being $21.00. In spite of this, 12 analysts ranked Vontier Corporation stock as a Hold at the end of 2023. On June 03, 2021, Goldman assigned a price target of “a Neutral” to the stock and initiated coverage with a $40.