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

Vontier Co. (NYSE:VNT - Get Free Report) declared a quarterly dividend on Friday, January 17th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, March 6th.

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

NYSE VNT traded down $0.87 during trading hours on Friday, hitting $37.76. 1,645,229 shares of the stock were exchanged, compared to its average volume of 769,413. Vontier has a 12-month low of $31.22 and a 12-month high of $45.62. 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 company has a market cap of $5.61 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.26. The stock has a 50-day moving average of $37.71 and a 200 day moving average of $36.24.

Vontier (NYSE:VNT - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.01. Vontier had a net margin of 14.17% and a return on equity of 43.22%. The company had revenue of $776.80 million during the quarter. As a group, equities research analysts forecast that Vontier will post 3.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VNT. Wolfe Research raised shares of Vontier from a "peer perform" rating to an "outperform" rating and set a $48.00 target price for the company in a report on Thursday, December 12th. Robert W. Baird increased their target price on shares of Vontier from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday. Barclays increased their target price on shares of Vontier from $45.00 to $46.00 and gave the company an "overweight" rating in a report on Friday, February 14th. UBS Group assumed coverage on shares of Vontier in a research report on Tuesday, December 10th. They issued a "buy" rating and a $47.00 price target on the stock. Finally, Citigroup lowered their price target on shares of Vontier from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Two 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 currently has an average rating of "Moderate Buy" and an average price target 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.