Perigon Wealth Management LLC raised its stake in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 285.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,988 shares of the company’s stock after purchasing an additional 10,359 shares during the period. Perigon Wealth Management LLC’s holdings in Veralto were worth $1,396,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Veralto by 6,015.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,347,647 shares of the company’s stock worth $136,045,000 after purchasing an additional 1,325,609 shares in the last quarter. AQR Capital Management LLC lifted its stake in Veralto by 86.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock valued at $226,615,000 after buying an additional 997,778 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Veralto by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock worth $3,311,135,000 after buying an additional 852,276 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Veralto by 10,317.8% in the 4th quarter. SG Americas Securities LLC now owns 781,651 shares of the company’s stock worth $77,993,000 after buying an additional 774,148 shares during the last quarter. Finally, Westwood Holdings Group Inc. purchased a new stake in Veralto during the 2nd quarter worth approximately $69,839,000. Institutional investors and hedge funds own 91.28% of the company’s stock.
Veralto Trading Up 0.1%
VLTO opened at $88.10 on Monday. The firm has a market capitalization of $21.63 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 2.49 and a beta of 0.98. The company’s 50 day simple moving average is $92.69 and its two-hundred day simple moving average is $98.49. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.67 and a quick ratio of 1.52.
Veralto Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st. Veralto’s dividend payout ratio is presently 13.87%.
Wall Street Analyst Weigh In
VLTO has been the subject of a number of research analyst reports. Jefferies Financial Group assumed coverage on Veralto in a report on Tuesday, March 31st. They set a “buy” rating and a $110.00 target price for the company. Barclays reaffirmed an “overweight” rating and issued a $117.00 price target on shares of Veralto in a research note on Thursday, February 5th. UBS Group set a $102.00 price objective on Veralto and gave the company a “neutral” rating in a research note on Friday, February 6th. Citigroup decreased their price objective on Veralto from $111.00 to $104.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Finally, Royal Bank Of Canada lowered their target price on shares of Veralto from $111.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 5th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $108.78.
Get Our Latest Stock Report on Veralto
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.
See Also
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