Vontier Corporation (NYSE:VNT – Get Free Report) declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.025 per share on Thursday, September 24th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 3rd.
Vontier has a payout ratio of 2.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Vontier to earn $3.75 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 Vontier stock opened at $32.27 on Tuesday. The company has a fifty day moving average of $31.41 and a 200-day moving average of $33.44. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.94 and a current ratio of 1.25. Vontier has a 52-week low of $27.25 and a 52-week high of $48.20. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.15.
Hedge Funds Weigh In On Vontier
Several large investors have recently made changes to their positions in the business. Employees Retirement System of Texas purchased a new position in Vontier during the third quarter valued at $58,000. Scarborough Advisors LLC purchased a new stake in shares of Vontier in the first quarter valued at $57,000. Clearstead Advisors LLC raised its position in Vontier by 82.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,665 shares of the company’s stock worth $62,000 after purchasing an additional 754 shares during the period. Quarry LP boosted its stake in shares of Vontier by 5,897.1% during the third quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $88,000 after purchasing an additional 2,064 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in Vontier by 152.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,634 shares of the company’s stock valued at $98,000 after buying an additional 1,591 shares during the period. 95.83% of the stock is currently owned by hedge funds and other institutional investors.
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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