Vontier Co. (VNT) to Issue Quarterly Dividend of $0.03 on March 27th

Vontier Co. (NYSE:VNT) announced a quarterly dividend on Friday, January 17th, Wall Street Journal reports. Stockholders of record on Thursday, March 6th will be given 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 is Thursday, March 6th.

Vontier has increased its dividend payment 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. 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 Trading Down 3.1 %

NYSE VNT opened at $36.18 on Tuesday. Vontier has a 12 month low of $31.22 and a 12 month high of $45.62. The stock has a market cap of $5.38 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.23 and a beta of 1.26. The stock’s fifty day moving average price is $37.67 and its 200-day moving average price is $36.48. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.97.

Vontier (NYSE:VNT) last released its earnings results on Thursday, February 13th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm 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%. As a group, equities analysts forecast that Vontier will post 3.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on VNT shares. UBS Group started coverage on Vontier in a report on Tuesday, December 10th. They set a “buy” rating and a $47.00 price target on the stock. Robert W. Baird upped their price target on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Barclays upped their price target on Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Wolfe Research raised Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a report on Thursday, December 12th. Finally, Citigroup lowered their price target on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and five have given 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.

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.