Vertiv Holdings Co. (NYSE:VRT – Get Free Report) announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Monday, September 14th will be given a dividend of 0.0625 per share on Thursday, September 24th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, September 14th.
Vertiv has increased its dividend by an average of 0.7%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Vertiv has a dividend payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vertiv to earn $8.88 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 2.8%.
Vertiv Price Performance
VRT opened at $268.10 on Friday. The firm has a market cap of $103.22 billion, a price-to-earnings ratio of 60.66, a PEG ratio of 1.06 and a beta of 2.07. The stock’s 50-day moving average price is $283.19 and its 200 day moving average price is $290.88. Vertiv has a 12-month low of $118.70 and a 12-month high of $379.93. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Roth Capital reaffirmed a “buy” rating and set a $355.00 price objective on shares of Vertiv in a report on Thursday, May 21st. TD Cowen raised their price objective on Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. KeyCorp lowered their price target on shares of Vertiv from $360.00 to $325.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Weiss Ratings lowered shares of Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Finally, Barclays increased their target price on Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $357.83.
Read Our Latest Report on Vertiv
About Vertiv
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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