Brown Advisory Inc. decreased its holdings in Veralto Corporation (NYSE:VLTO – Free Report) by 23.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,322,993 shares of the company’s stock after selling 1,293,447 shares during the period. Brown Advisory Inc.’s holdings in Veralto were worth $431,351,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of VLTO. Norges Bank acquired a new position in shares of Veralto during the fourth quarter worth $261,340,000. First Trust Advisors LP grew its stake in shares of Veralto by 33.3% during the fourth quarter. First Trust Advisors LP now owns 4,678,084 shares of the company’s stock worth $466,779,000 after purchasing an additional 1,169,572 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Veralto by 86.1% during the third quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock worth $226,615,000 after purchasing an additional 997,778 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Veralto by 2.8% during the third quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock worth $3,311,135,000 after purchasing an additional 852,276 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Veralto by 10,317.8% during the fourth quarter. SG Americas Securities LLC now owns 781,651 shares of the company’s stock worth $77,993,000 after purchasing an additional 774,148 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.
Veralto Price Performance
Shares of NYSE:VLTO opened at $83.40 on Friday. The company has a 50-day simple moving average of $87.10 and a 200-day simple moving average of $93.42. 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 quick ratio of 1.32 and a current ratio of 1.48. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.35 and a beta of 0.69.
Veralto Announces Dividend
The firm also recently announced 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Veralto’s dividend payout ratio is presently 13.44%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Jefferies Financial Group assumed coverage on shares of Veralto in a research report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price target for the company. Robert W. Baird set a $103.00 price target on shares of Veralto in a research report on Thursday, April 30th. Barclays reduced their price target on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Stifel Nicolaus reduced their price target on shares of Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Veralto presently has an average rating of “Hold” and an average target price of $105.88.
View Our Latest 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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