Vontier (NYSE:VNT) Shares Gap Down – Should You Sell?

Vontier Corporation (NYSE:VNT) gapped down prior to trading on Monday . The stock had previously closed at $42.10, but opened at $38.79. Vontier shares last traded at $42.13, with a volume of 62,637 shares traded.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Robert W. Baird lowered their price target on shares of Vontier from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. KeyCorp reduced their price objective on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Bank of America reiterated an “underperform” rating and issued a $40.00 target price (down from $50.00) on shares of Vontier in a research report on Friday, November 14th. Barclays lowered their target price on shares of Vontier from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Finally, Weiss Ratings cut shares of Vontier from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.63.

Vontier Price Performance

The company’s 50-day moving average is $37.67 and its 200-day moving average is $39.56. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.18 and a quick ratio of 0.90. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.75 and a beta of 1.28.

Institutional Trading of Vontier

Large investors have recently modified their holdings of the company. Clearstead Advisors LLC increased its holdings in shares of Vontier by 82.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,665 shares of the company’s stock valued at $62,000 after purchasing an additional 754 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Vontier during the fourth quarter valued at approximately $522,000. Hantz Financial Services Inc. lifted its holdings in shares of Vontier by 4.6% in the fourth quarter. Hantz Financial Services Inc. now owns 69,857 shares of the company’s stock valued at $2,597,000 after purchasing an additional 3,060 shares in the last quarter. Americana Partners LLC lifted its stake in Vontier by 4.9% in the 4th quarter. Americana Partners LLC now owns 6,217 shares of the company’s stock worth $231,000 after acquiring an additional 289 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Vontier by 14.4% during the fourth quarter. LSV Asset Management now owns 1,910,586 shares of the company’s stock worth $71,036,000 after purchasing an additional 240,400 shares during the period. Institutional investors and hedge funds own 95.83% of the company’s stock.

Vontier Company Profile

Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.

The company’s diversified portfolio spans several well-known brands.