Vontier Corporation (NYSE:VNT – Get Free Report) announced a quarterly dividend on Tuesday, May 19th. Shareholders of record on Thursday, June 4th will be paid a dividend of 0.025 per share on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 4th.
Vontier has a dividend payout ratio of 2.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Vontier to earn $3.70 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 2.7%.
Vontier Price Performance
Shares of NYSE VNT traded down $0.20 during trading on Tuesday, hitting $27.79. 3,058,517 shares of the company were exchanged, compared to its average volume of 1,318,137. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.08 and a beta of 1.24. Vontier has a 1 year low of $27.74 and a 1 year high of $48.20. The firm’s fifty day moving average price is $35.16 and its 200 day moving average price is $37.09. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.23 and a quick ratio of 0.90.
Analysts Set New Price Targets
Several research analysts have recently issued reports on VNT shares. Barclays cut their price target on Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Robert W. Baird set a $37.00 price target on Vontier in a research note on Friday, May 8th. Citigroup cut their price target on Vontier from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wall Street Zen downgraded Vontier from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings downgraded Vontier from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.38.
Get Our Latest Stock Report on Vontier
Vontier Company Profile
Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.
The company’s diversified portfolio spans several well-known brands.
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