Gotham Asset Management LLC grew its holdings in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 17.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 261,104 shares of the company’s stock after purchasing an additional 38,834 shares during the period. Gotham Asset Management LLC owned approximately 0.11% of Veralto worth $27,836,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Compass Wealth Management LLC acquired a new stake in Veralto in the third quarter valued at $6,708,000. Capital Advisors Inc. OK grew its stake in shares of Veralto by 6.3% during the 3rd quarter. Capital Advisors Inc. OK now owns 380,910 shares of the company’s stock worth $40,609,000 after purchasing an additional 22,464 shares during the period. Spire Wealth Management grew its stake in shares of Veralto by 1,579.5% during the 3rd quarter. Spire Wealth Management now owns 12,311 shares of the company’s stock worth $1,312,000 after purchasing an additional 11,578 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Veralto in the 3rd quarter valued at about $1,919,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Veralto by 8.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,159,417 shares of the company’s stock valued at $123,605,000 after purchasing an additional 94,607 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.
Veralto Stock Performance
Veralto stock opened at $91.23 on Tuesday. The stock has a fifty day moving average price of $96.55 and a 200 day moving average price of $100.32. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $110.11. The firm has a market capitalization of $22.61 billion, a P/E ratio of 24.33, a PEG ratio of 2.56 and a beta of 0.89. The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 0.64.
Veralto Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st. Veralto’s payout ratio is presently 13.87%.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Weiss Ratings downgraded shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Barclays reiterated an “overweight” rating and set a $117.00 price target on shares of Veralto in a research report on Thursday, February 5th. Royal Bank Of Canada decreased their price target on Veralto from $111.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 5th. Jefferies Financial Group restated a “hold” rating on shares of Veralto in a report on Wednesday, February 4th. Finally, Robert W. Baird set a $108.00 price objective on Veralto in a research note on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $108.22.
Check Out Our Latest Stock Report on Veralto
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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