Natixis Advisors LLC reduced its holdings in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,832 shares of the company’s stock after selling 7,252 shares during the quarter. Natixis Advisors LLC’s holdings in Veralto were worth $17,744,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Azzad Asset Management Inc. ADV lifted its stake in Veralto by 0.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 15,098 shares of the company’s stock worth $1,506,000 after purchasing an additional 99 shares in the last quarter. IFP Advisors Inc lifted its stake in Veralto by 14.0% in the 3rd quarter. IFP Advisors Inc now owns 855 shares of the company’s stock worth $91,000 after purchasing an additional 105 shares in the last quarter. Creative Capital Management Investments LLC lifted its stake in Veralto by 45.9% in the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 107 shares in the last quarter. Private Advisor Group LLC lifted its stake in Veralto by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock worth $1,682,000 after purchasing an additional 109 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in Veralto by 18.9% in the 3rd quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock worth $78,000 after purchasing an additional 117 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.
Veralto Price Performance
Shares of NYSE:VLTO opened at $86.17 on Friday. The company’s fifty day moving average price is $87.37 and its 200-day moving average price is $93.91. The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.39 and a beta of 0.69. Veralto Corporation has a one year low of $80.03 and a one year high of $110.11. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.32.
Veralto Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. Veralto’s dividend payout ratio is presently 13.44%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Citigroup lowered their target price on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. UBS Group increased their target price on shares of Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Royal Bank Of Canada increased their target price on shares of Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Veralto presently has an average rating of “Hold” and a consensus target price of $105.88.
Check Out Our Latest Stock Report on VLTO
Veralto 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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