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

Vontier Co. (NYSE:VNTGet Free Report) announced a quarterly dividend on Thursday, April 25th, NASDAQ reports. Investors of record on Thursday, June 6th will be paid a dividend of 0.025 per share on Thursday, June 27th. This represents a $0.10 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, June 6th.

Vontier has a payout ratio of 2.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vontier to earn $3.54 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 Down 1.3 %

Shares of VNT opened at $39.45 on Tuesday. The firm has a market cap of $6.09 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.17 and a beta of 1.31. Vontier has a 12-month low of $28.84 and a 12-month high of $45.62. The company’s 50-day moving average price is $41.25 and its 200 day moving average price is $38.57. The company has a current ratio of 1.57, a quick ratio of 1.23 and a debt-to-equity ratio of 2.21.

Vontier (NYSE:VNTGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $755.80 million for the quarter, compared to analyst estimates of $754.50 million. Vontier had a net margin of 14.02% and a return on equity of 54.84%. Vontier’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. On average, sell-side analysts forecast that Vontier will post 3.15 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on VNT. Argus boosted their price objective on shares of Vontier from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 18th. The Goldman Sachs Group lifted their target price on Vontier from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Citigroup lifted their target price on Vontier from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Evercore ISI lifted their target price on Vontier from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Finally, UBS Group lifted their target price on Vontier from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 16th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.00.

Check Out Our Latest Report on VNT

Vontier Company Profile

(Get Free Report)

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.

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Dividend History for Vontier (NYSE:VNT)

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