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

Vontier Co. (NYSE:VNT) announced a quarterly dividend on Monday, August 19th, Wall Street Journal reports. Investors of record on Thursday, September 5th will be paid a dividend of 0.025 per share on Thursday, September 26th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Thursday, September 5th.

Vontier has a dividend payout ratio of 3.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Vontier to earn $3.23 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 3.1%.

Vontier Stock Down 3.5 %

NYSE:VNT opened at $33.79 on Wednesday. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 2.14. Vontier has a twelve month low of $28.84 and a twelve month high of $45.62. The stock has a fifty day simple moving average of $36.68 and a 200-day simple moving average of $39.72.

Vontier (NYSE:VNT) last issued its earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.08). The business had revenue of $696.40 million for the quarter, compared to the consensus estimate of $746.43 million. Vontier had a return on equity of 49.17% and a net margin of 13.43%. The firm’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. Analysts anticipate that Vontier will post 2.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on VNT. Argus downgraded shares of Vontier from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Barclays decreased their target price on shares of Vontier from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Evercore ISI cut their price target on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Finally, Robert W. Baird reduced their price target on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.25.

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.