Addison Capital Co Purchases 5,547 Shares of Veralto Corporation $VLTO

Addison Capital Co lifted its position in shares of Veralto Corporation (NYSE:VLTO) by 33.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,148 shares of the company’s stock after purchasing an additional 5,547 shares during the quarter. Addison Capital Co’s holdings in Veralto were worth $2,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VLTO. Brighton Jones LLC boosted its holdings in shares of Veralto by 16.1% during the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after buying an additional 479 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Veralto by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock valued at $2,529,000 after acquiring an additional 1,306 shares during the period. Empowered Funds LLC boosted its stake in Veralto by 20.4% during the first quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock worth $443,000 after acquiring an additional 770 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Veralto by 102.4% during the first quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock worth $81,000 after acquiring an additional 421 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in Veralto in the second quarter worth about $201,000. Institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

VLTO has been the topic of a number of analyst reports. Royal Bank Of Canada boosted their price target on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Barclays lifted their price objective on Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. UBS Group increased their target price on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. BMO Capital Markets lowered their price target on Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a research report on Tuesday, November 25th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $105.00 price target (down previously from $125.00) on shares of Veralto in a research note on Wednesday, December 10th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $112.89.

Veralto Stock Down 1.9%

VLTO stock opened at $98.69 on Thursday. The stock has a market capitalization of $24.50 billion, a P/E ratio of 27.04, a P/E/G ratio of 2.86 and a beta of 0.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11. The business has a fifty day moving average price of $100.86 and a 200-day moving average price of $103.05.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.Veralto’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.89 EPS. Equities analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be paid a $0.13 dividend. This is a boost from Veralto’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, December 31st. Veralto’s dividend payout ratio (DPR) is presently 14.25%.

Insider Buying and Selling at Veralto

In related news, SVP Mattias Bystrom sold 1,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $101.73, for a total transaction of $101,730.00. Following the transaction, the senior vice president owned 31,430 shares in the company, valued at $3,197,373.90. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is owned by insiders.

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.