Border to Coast Pensions Partnership Ltd lifted its position in Veralto Corporation (NYSE:VLTO – Free Report) by 22.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 386,090 shares of the company’s stock after buying an additional 71,910 shares during the quarter. Border to Coast Pensions Partnership Ltd owned about 0.16% of Veralto worth $38,594,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in VLTO. Brighton Jones LLC grew its stake in shares of Veralto by 16.1% in the fourth 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 holdings 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 purchasing an additional 1,306 shares during the last quarter. Empowered Funds LLC lifted its holdings in Veralto by 20.4% during the 1st quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock valued at $443,000 after purchasing an additional 770 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Veralto by 102.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock valued at $81,000 after purchasing an additional 421 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in Veralto during the 2nd quarter valued at $201,000. 91.28% of the stock is owned by institutional investors.
Veralto Stock Down 0.1%
VLTO opened at $92.34 on Thursday. Veralto Corporation has a fifty-two week low of $84.99 and a fifty-two week high of $110.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.52 and a current ratio of 1.67. The company has a market capitalization of $22.68 billion, a P/E ratio of 24.62, a P/E/G ratio of 2.62 and a beta of 0.98. The stock has a fifty day moving average of $91.36 and a 200-day moving average of $97.68.
Veralto Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. Veralto’s dividend payout ratio (DPR) is currently 13.87%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on VLTO shares. UBS Group cut their price target on Veralto from $102.00 to $99.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Jefferies Financial Group started coverage on Veralto in a report on Tuesday, March 31st. They set a “buy” rating and a $110.00 price target for the company. Citigroup cut their price target on Veralto from $111.00 to $104.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Robert W. Baird set a $108.00 price target on Veralto in a report on Thursday, February 5th. Finally, Royal Bank Of Canada cut their price target on Veralto from $111.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.56.
View Our Latest Research Report on VLTO
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.
Further Reading
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