Vontier Corporation (NYSE:VNT – Get Free Report) announced 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 yield of 0.3%. The ex-dividend date is Thursday, September 3rd.
Vontier has a payout ratio of 2.9% indicating that its dividend is sufficiently covered by earnings. Research 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
NYSE:VNT opened at $33.10 on Friday. Vontier has a 12-month low of $27.25 and a 12-month high of $48.20. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.15 and a beta of 1.15. The stock’s 50 day moving average price is $30.53 and its two-hundred day moving average price is $33.98. The company has a quick ratio of 0.94, a current ratio of 1.25 and a debt-to-equity ratio of 1.33.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its position in shares of Vontier by 7.7% in the second quarter. Lazard Asset Management LLC now owns 3,534 shares of the company’s stock valued at $129,000 after acquiring an additional 253 shares during the period. Americana Partners LLC increased its position in Vontier by 4.9% during the fourth quarter. Americana Partners LLC now owns 6,217 shares of the company’s stock worth $231,000 after acquiring an additional 289 shares during the period. Great Lakes Advisors LLC raised its stake in Vontier by 5.6% in the 4th quarter. Great Lakes Advisors LLC now owns 6,104 shares of the company’s stock worth $227,000 after purchasing an additional 321 shares in the last quarter. HB Wealth Management LLC raised its stake in Vontier by 4.3% in the 4th quarter. HB Wealth Management LLC now owns 8,237 shares of the company’s stock worth $306,000 after purchasing an additional 340 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Vontier by 2.2% in the 4th quarter. Deutsche Bank AG now owns 17,829 shares of the company’s stock valued at $663,000 after purchasing an additional 390 shares during the period. Institutional investors own 95.83% of the company’s stock.
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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