Vontier (VNT) Declares $0.02 Dividend
Vontier said on February 16, 2024 that its board of directors declared a regular quarterly dividend of $0.02 per share ($0.10 annualized). Previously, the company paid $0.02 per share.
Shares must be purchased before the ex-div date of March 6, 2024 to qualify for the dividend. Shareholders of record as of March 7, 2024 will receive the payment on March 28, 2024.
At the current share price of $41.10 / share, the stock's dividend yield is 0.24%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.36%, the lowest has been 0.27%, and the highest has been 0.58%. The standard deviation of yields is 0.07 (n=157).
The current dividend yield is 1.63 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.05. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is -0.20%.
What is the Fund Sentiment?
There are 926 funds or institutions reporting positions in Vontier. This is an increase of 75 owner(s) or 8.81% in the last quarter. Average portfolio weight of all funds dedicated to VNT is 0.24%, a decrease of 4.36%. Total shares owned by institutions increased in the last three months by 0.09% to 173,481K shares. 
The put/call ratio of VNT is 1.78, indicating a bearish outlook.
Analyst Price Forecast Suggests 7.35% Downside
As of January 20, 2024, the average one-year price target for Vontier is 38.08. The forecasts range from a low of 26.26 to a high of $42.00. The average price target represents a decrease of 7.35% from its latest reported closing price of 41.10.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Vontier is 3,119MM, an increase of 0.77%. The projected annual non-GAAP EPS is 3.17.
What are Other Shareholders Doing?
Putnam Investments holds 7,129K shares representing 4.62% ownership of the company. In it's prior filing, the firm reported owning 6,910K shares, representing an increase of 3.08%. The firm decreased its portfolio allocation in VNT by 19.99% over the last quarter.
T. Rowe Price Investment Management holds 5,427K shares representing 3.52% ownership of the company. In it's prior filing, the firm reported owning 6,021K shares, representing a decrease of 10.95%. The firm decreased its portfolio allocation in VNT by 7.36% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,843K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 4,841K shares, representing an increase of 0.04%. The firm decreased its portfolio allocation in VNT by 0.32% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 4,834K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 4,721K shares, representing an increase of 2.34%. The firm decreased its portfolio allocation in VNT by 3.67% over the last quarter.
PEYAX - PUTNAM EQUITY INCOME FUND Shares holds 4,027K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 3,946K shares, representing an increase of 2.01%. The firm increased its portfolio allocation in VNT by 2.12% over the last quarter.
Vontier Background Information
(This description is provided by the company.)
Vontier is a global industrial technology company focused on transportation and mobility solutions. The company's portfolio of trusted brands includes market-leading expertise in mobility technologies, retail and commercial fueling, fleet management, telematics, vehicle diagnostics and repair, and smart cities end-markets. Vontier's innovative products, services, and software advance efficiency, safety, security, and environmental compliance worldwide. Guided by the proven Vontier Business System and an unwavering commitment to continuous improvement and customer success, Vontier keeps traffic flowing through more than 90,000 intersections, serves more than 260,000 customer fueling sites, monitors more than 480,000 commercial vehicles, and equips over 600,000 auto technicians worldwide. Vontier's history of innovation, margin profile, and cash flow characteristics are expected to support continued investment across a spectrum of compelling organic and capital deployment growth opportunities. Vontier is mobilizing the future to create a better world.
Additional reading:
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1
- Vontier Reports Solid Fourth Quarter 2023 Results and Initiates 2024 Guidance
- Subsidiaries of the Registrant
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