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

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 yield of 0.28%. The ex-dividend date of this dividend is Thursday, March 6th.

Vontier has raised 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. 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 Stock Performance

Shares of VNT opened at $36.18 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.51 and a debt-to-equity ratio of 1.97. The business has a 50-day simple moving average of $37.67 and a two-hundred day simple moving average of $36.48. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.23 and a beta of 1.26. Vontier has a 52 week low of $31.22 and a 52 week high of $45.62.

Vontier (NYSE:VNT) last issued its quarterly 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 business had revenue of $776.80 million during the quarter. Vontier had a return on equity of 43.22% and a net margin of 14.17%. On average, analysts expect that Vontier will post 3.13 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group assumed coverage on Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price for the company. Citigroup cut their target price on Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Robert W. Baird increased their target price on Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Barclays increased their target price on Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently 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.