Vinva Investment Management Ltd raised its position in Veralto Corporation (NYSE:VLTO – Free Report) by 16.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,313 shares of the company’s stock after buying an additional 5,351 shares during the period. Vinva Investment Management Ltd’s holdings in Veralto were worth $4,026,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of VLTO. Root Financial Partners LLC purchased a new stake in shares of Veralto during the 3rd quarter worth about $27,000. Loomis Sayles & Co. L P purchased a new position in shares of Veralto in the 2nd quarter valued at about $28,000. True Wealth Design LLC raised its holdings in Veralto by 852.9% in the 3rd quarter. True Wealth Design LLC now owns 324 shares of the company’s stock worth $35,000 after purchasing an additional 290 shares during the period. Headlands Technologies LLC acquired a new position in Veralto in the 2nd quarter worth about $44,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Veralto during the second quarter worth approximately $50,000. Institutional investors and hedge funds own 91.28% of the company’s stock.
Veralto Trading Down 0.8%
VLTO stock opened at $94.41 on Monday. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $110.11. The business’s 50-day moving average is $97.58 and its 200 day moving average is $101.01. The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 0.64. The stock has a market cap of $23.40 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.67 and a beta of 0.89.
Veralto Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 31st. Veralto’s dividend payout ratio is currently 13.87%.
Wall Street Analyst Weigh In
Several analysts have commented on VLTO shares. Barclays reissued an “overweight” rating and issued a $117.00 price objective on shares of Veralto in a report on Thursday, February 5th. Citigroup reduced their target price on Veralto from $111.00 to $104.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Stifel Nicolaus set a $118.00 price target on shares of Veralto in a research note on Thursday, February 5th. BMO Capital Markets reissued an “outperform” rating on shares of Veralto in a report on Wednesday, February 11th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Veralto in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $108.22.
View Our Latest Stock Report on Veralto
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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