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

Vontier Co. (NYSE:VNT) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.025 per share on Thursday, December 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Thursday, November 21st.

Vontier has a payout ratio of 3.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vontier to earn $3.16 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 3.2%.

Vontier Stock Performance

NYSE VNT opened at $40.45 on Friday. Vontier has a 12-month low of $31.22 and a 12-month high of $45.62. The firm has a market cap of $6.08 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.87 and a beta of 1.25. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The company’s 50 day moving average is $34.16 and its 200-day moving average is $36.89.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm had revenue of $750.00 million during the quarter, compared to analyst estimates of $729.23 million. During the same period last year, the company earned $0.73 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Sell-side analysts predict that Vontier will post 2.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VNT. Evercore ISI cut their price objective on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Barclays raised their price target on Vontier from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday. Argus lowered Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Robert W. Baird lowered their target price on shares of Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Vontier has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

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.