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

Vontier Co. (NYSE:VNT) announced a quarterly dividend on Friday, January 17th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 0.28%. The ex-dividend date 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% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Vontier stock opened at $36.18 on Tuesday. The company has a 50 day moving average price of $37.67 and a 200-day moving average price of $36.48. 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 fifty-two week low of $31.22 and a fifty-two week high of $45.62. The company has a market capitalization of $5.38 billion, a PE ratio of 13.16, a P/E/G ratio of 1.23 and a beta of 1.26.

Vontier (NYSE:VNT) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The business had revenue of $776.80 million for the quarter. As a group, equities analysts forecast that Vontier will post 3.13 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Vontier Company Profile

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.