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

Vontier Co. (NYSE:VNT) declared a quarterly dividend on Tuesday, February 18th,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 0.25%. The ex-dividend date is Thursday, March 6th.

Vontier has raised its dividend by an average of 10.1% per year over the last three years. Vontier has a dividend payout ratio of 2.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Vontier to earn $3.13 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 Up 2.3 %

VNT traded up $0.90 during midday trading on Tuesday, hitting $40.17. The company had a trading volume of 974,735 shares, compared to its average volume of 653,105. Vontier has a 52 week low of $31.22 and a 52 week high of $45.62. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.75 and a beta of 1.26. The stock’s 50 day moving average price is $37.69 and its 200 day moving average price is $36.14.

Vontier (NYSE:VNT) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Vontier had a net margin of 13.54% and a return on equity of 45.48%. The firm had revenue of $776.80 million during the quarter. On average, research analysts anticipate that Vontier will post 2.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VNT has been the subject of several research analyst reports. Citigroup decreased their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Barclays boosted their target price on shares of Vontier from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday. Robert W. Baird boosted their target price on shares of Vontier from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday. UBS Group assumed coverage on shares of Vontier in a research report on Tuesday, December 10th. They set a “buy” rating and a $47.00 target price for the company. Finally, 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 research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.88.

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.