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

Vontier Co. (NYSE:VNT - Get Free Report) declared a quarterly dividend on Tuesday, August 20th, 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 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, September 5th.

Vontier has a payout ratio of 3.1% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

Vontier stock traded down $0.37 during mid-day trading on Tuesday, hitting $34.30. The stock had a trading volume of 681,224 shares, compared to its average volume of 769,596. The firm has a market capitalization of $5.27 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.50 and a beta of 1.29. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 2.14. The firm's 50 day moving average is $37.52 and its 200 day moving average is $39.88. Vontier has a one year low of $28.84 and a one year high of $45.62.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.08). The firm had revenue of $696.40 million during 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 company's quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 EPS. On average, sell-side analysts forecast that Vontier will post 2.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on VNT. Barclays dropped their price objective on shares of Vontier from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Robert W. Baird dropped their price objective on shares of Vontier from $44.00 to $42.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Evercore ISI dropped their price objective on shares of Vontier from $45.00 to $40.00 and set an "outperform" rating for the company in a report on Monday. Finally, Argus downgraded shares of Vontier from a "buy" rating to a "hold" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.