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

Vontier Co. (NYSE:VNTGet Free Report) announced a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors 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 dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, November 21st.

Vontier has a payout ratio of 3.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

VNT stock traded up $0.43 during midday trading on Thursday, reaching $40.45. 1,016,187 shares of the company’s stock traded hands, compared to its average volume of 799,984. Vontier has a 52 week low of $31.22 and a 52 week high of $45.62. The company has a 50-day moving average price of $34.16 and a two-hundred day moving average price of $36.89. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64. The firm has a market capitalization of $6.08 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25.

Vontier (NYSE:VNTGet Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The business had revenue of $750.00 million for the quarter, compared to analysts’ expectations of $729.23 million. Vontier had a return on equity of 45.48% and a net margin of 13.54%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 EPS. As a group, equities analysts anticipate that Vontier will post 2.89 EPS for the current year.

Analyst Upgrades and Downgrades

VNT has been the subject of several recent analyst reports. Evercore ISI reduced their price objective 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 upped their price target on shares of Vontier from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday. Robert W. Baird lowered their price target on Vontier from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Argus cut shares of Vontier from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

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About Vontier

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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.

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Dividend History for Vontier (NYSE:VNT)

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