Vontier Co. (NYSE:VNT) Announces $0.03 Quarterly Dividend

Vontier Co. (NYSE:VNT) declared a quarterly dividend on Friday, January 17th, Wall Street Journal reports. Stockholders of record on Thursday, March 6th will be paid a dividend of 0.025 per share on Thursday, March 27th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, March 6th.

Vontier has raised its dividend by an average of 10.1% per year over the last three years. Vontier has a dividend payout ratio of 2.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Vontier to earn $3.55 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 2.8%.

Vontier Price Performance

VNT stock opened at $36.18 on Tuesday. The stock’s 50 day moving average price is $37.67 and its 200 day moving average price is $36.48. The firm has a market cap of $5.38 billion, a P/E ratio of 13.16, a PEG ratio of 1.23 and a beta of 1.26. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.14 and a current ratio of 1.51. Vontier has a 1 year low of $31.22 and a 1 year high of $45.62.

Vontier (NYSE:VNT) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $776.80 million for the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. On average, sell-side analysts expect that Vontier will post 3.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VNT has been the subject of a number of analyst reports. UBS Group assumed coverage on shares of Vontier in a research report on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective for the company. Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Thursday, December 12th. Citigroup decreased their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Barclays upped their target price on Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Robert W. Baird raised their price target on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.43.

About Vontier

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.