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

Vontier Co. (NYSE:VNT) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.025 per share on Thursday, December 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Thursday, November 21st.

Vontier has a dividend payout ratio of 3.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Vontier to earn $3.16 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 3.2%.

Vontier Price Performance

Shares of VNT opened at $37.08 on Wednesday. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25. The stock’s fifty day moving average is $35.14 and its 200-day moving average is $36.76. Vontier has a one year low of $31.22 and a one year high of $45.62. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64.

Vontier (NYSE:VNT) last released its earnings results on Thursday, October 31st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. The firm had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. Vontier had a net margin of 13.54% and a return on equity of 45.48%. Vontier’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.73 EPS. Equities analysts anticipate that Vontier will post 2.89 EPS for the current year.

Wall Street Analysts Forecast Growth

VNT has been the subject of several recent research reports. Evercore ISI cut their target price on shares of Vontier from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Barclays raised their price objective on Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Robert W. Baird cut their target price on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Argus lowered Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three equities 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.50.

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.