WINTON GROUP Ltd bought a new stake in Veralto Corporation (NYSE:VLTO – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 45,209 shares of the company’s stock, valued at approximately $4,511,000.
A number of other hedge funds have also made changes to their positions in VLTO. Laurel Wealth Advisors LLC acquired a new stake in Veralto in the 4th quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in shares of Veralto during the third quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Veralto by 82.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock worth $29,000 after buying an additional 129 shares during the period. Board of the Pension Protection Fund purchased a new stake in shares of Veralto in the fourth quarter worth about $30,000. Finally, Creative Capital Management Investments LLC boosted its position in shares of Veralto by 45.9% in the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.
Veralto Trading Up 1.7%
NYSE:VLTO opened at $86.17 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 Corporation has a one year low of $80.03 and a one year high of $110.11. The business’s 50-day simple moving average is $87.37 and its 200 day simple moving average is $93.91. The stock has a market cap of $21.16 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.43 and a beta of 0.69.
Veralto Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto’s payout ratio is 13.44%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on VLTO shares. Jefferies Financial Group started coverage on Veralto in a research report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 target price for the company. Citigroup decreased their target price on Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Barclays decreased their target price on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Stifel Nicolaus decreased their target price on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada upped their target price on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $105.88.
Get Our Latest Stock Report on VLTO
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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