Veralto Corporation (NYSE:VLTO – Get Free Report) announced a quarterly dividend on Wednesday, May 13th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.13 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th.
Veralto has a dividend payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Veralto to earn $4.64 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 11.2%.
Veralto Trading Down 0.6%
Shares of VLTO stock opened at $85.30 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. Veralto has a 52-week low of $84.99 and a 52-week high of $110.11. The company has a market capitalization of $20.95 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 2.42 and a beta of 0.77. The business’s fifty day moving average is $89.22 and its 200 day moving average is $95.49.
Hedge Funds Weigh In On Veralto
Institutional investors and hedge funds have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC purchased a new position in Veralto during the 4th quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in Veralto during the 3rd quarter valued at about $27,000. Goodman Advisory Group LLC purchased a new position in Veralto during the 3rd quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Veralto by 82.2% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock valued at $29,000 after purchasing an additional 129 shares during the period. Finally, Board of the Pension Protection Fund purchased a new position in Veralto during the 4th quarter valued at about $30,000. 91.28% of the stock is currently owned by institutional investors.
About Veralto
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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