Vontier Corporation (NYSE:VNT – Get Free Report) declared a quarterly dividend on Tuesday, November 4th. Investors of record on Thursday, November 20th will be paid a dividend of 0.025 per share on Thursday, December 11th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, November 20th.
Vontier has a payout ratio of 2.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vontier to earn $3.55 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 2.8%.
Vontier Trading Down 0.6%
Shares of VNT stock traded down $0.22 on Tuesday, hitting $37.63. The stock had a trading volume of 1,650,233 shares, compared to its average volume of 988,918. Vontier has a twelve month low of $27.22 and a twelve month high of $43.88. The firm has a market cap of $5.52 billion, a P/E ratio of 13.78, a PEG ratio of 1.27 and a beta of 1.29. The company has a current ratio of 1.18, a quick ratio of 0.90 and a debt-to-equity ratio of 1.29. The company has a fifty day moving average price of $41.93 and a two-hundred day moving average price of $38.85.
Hedge Funds Weigh In On Vontier
A number of large investors have recently modified their holdings of VNT. Brooklyn Investment Group boosted its stake in shares of Vontier by 586.2% during the 1st quarter. Brooklyn Investment Group now owns 844 shares of the company’s stock worth $28,000 after buying an additional 721 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Vontier by 39.0% during the second quarter. Parkside Financial Bank & Trust now owns 973 shares of the company’s stock valued at $36,000 after purchasing an additional 273 shares during the last quarter. Quent Capital LLC acquired a new position in Vontier during the third quarter valued at approximately $37,000. MassMutual Private Wealth & Trust FSB boosted its position in Vontier by 75.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,228 shares of the company’s stock valued at $45,000 after purchasing an additional 529 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Vontier in the 2nd quarter valued at approximately $53,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.
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.
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