Barclays PLC increased its stake in Veralto Corporation (NYSE:VLTO – Free Report) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,111,912 shares of the company’s stock after purchasing an additional 102,265 shares during the quarter. Barclays PLC’s holdings in Veralto were worth $110,947,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in shares of Veralto in the 4th quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in shares of Veralto in the 3rd quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Veralto by 82.2% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock valued at $29,000 after purchasing an additional 129 shares in the last quarter. Board of the Pension Protection Fund purchased a new position in shares of Veralto in the 4th quarter valued at about $30,000. Finally, Creative Capital Management Investments LLC increased its holdings in Veralto by 45.9% during the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.
Veralto Price Performance
Veralto stock opened at $82.60 on Tuesday. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $110.11. The stock has a market capitalization of $20.29 billion, a P/E ratio of 21.34, a P/E/G ratio of 2.35 and a beta of 0.70. The firm’s 50-day moving average is $86.99 and its two-hundred day moving average is $93.24. 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 Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto’s dividend payout ratio (DPR) is currently 13.44%.
Wall Street Analyst Weigh In
Several research firms have weighed in on VLTO. Barclays dropped their target price on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Robert W. Baird set a $103.00 target price on shares of Veralto in a report on Thursday, April 30th. UBS Group raised their target price on shares of Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Citigroup dropped their target price on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Finally, Stifel Nicolaus dropped their target price on shares of Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $105.88.
View Our Latest Stock Analysis on VLTO
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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