Vontier Co. (VNT) To Go Ex-Dividend on March 6th

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 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 by an average of 10.1% annually over the last three years. Vontier has a dividend payout ratio of 2.9% indicating that its dividend is sufficiently covered by earnings. Equities research 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 %

VNT opened at $36.18 on Tuesday. 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 one year low of $31.22 and a one year high of $45.62. The company has a market cap of $5.38 billion, a P/E ratio of 13.16, a PEG ratio of 1.23 and a beta of 1.26. The business’s 50-day simple moving average is $37.67 and its 200-day simple moving average is $36.48.

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

Analyst Ratings Changes

Several research firms have recently weighed in on VNT. Wolfe Research raised 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 started coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 price objective on the stock. Citigroup decreased their target price on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Barclays upped their price objective on Vontier from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Robert W. Baird lifted their target price on Vontier from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Vontier has a consensus rating of “Moderate Buy” and an average price target 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.