Andra AP fonden grew its position in Veralto Corporation (NYSE:VLTO – Free Report) by 16.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 185,000 shares of the company’s stock after buying an additional 26,600 shares during the period. Andra AP fonden’s holdings in Veralto were worth $18,459,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in VLTO. Brighton Jones LLC increased its stake in shares of Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after buying an additional 479 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Veralto by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock valued at $2,529,000 after buying an additional 1,306 shares during the period. Empowered Funds LLC increased its stake in shares of Veralto by 20.4% in the 1st quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock valued at $443,000 after buying an additional 770 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Veralto by 102.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock valued at $81,000 after buying an additional 421 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Veralto in the 2nd quarter valued at $201,000. 91.28% of the stock is owned by institutional investors and hedge funds.
Veralto Stock Up 0.3%
Shares of Veralto stock opened at $82.88 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. Veralto Corporation has a 12 month low of $80.03 and a 12 month high of $110.11. The business has a fifty day simple moving average of $87.19 and a 200 day simple moving average of $93.49. The stock has a market cap of $20.36 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 2.33 and a beta of 0.69.
Veralto Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 annualized dividend and a yield of 0.6%. Veralto’s payout ratio is currently 13.44%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on VLTO shares. UBS Group lifted their price objective on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Citigroup decreased their price objective on Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Royal Bank Of Canada lifted their price objective on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Barclays decreased their price objective on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $103.00 price objective on Veralto in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $105.88.
View Our Latest Stock Report on VLTO
Veralto Company Profile
Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands. This segment provides water solutions, including chemical reagents, services, and digital solutions.
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