Focus Partners Advisor Solutions LLC lifted its holdings in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 164.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,001 shares of the company’s stock after acquiring an additional 5,603 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Veralto were worth $918,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in Veralto in the 3rd quarter worth about $27,000. Loomis Sayles & Co. L P acquired a new position in shares of Veralto during the 2nd quarter valued at about $28,000. True Wealth Design LLC lifted its holdings in shares of Veralto by 852.9% during the 3rd quarter. True Wealth Design LLC now owns 324 shares of the company’s stock worth $35,000 after acquiring an additional 290 shares during the period. Headlands Technologies LLC purchased a new position in shares of Veralto during the 2nd quarter worth about $44,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Veralto in the second quarter worth approximately $50,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.
Veralto Trading Down 0.8%
NYSE VLTO opened at $94.41 on Friday. The firm has a market capitalization of $23.40 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.67 and a beta of 0.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.52 and a current ratio of 1.67. Veralto Corporation has a one year low of $83.86 and a one year high of $110.11. The company’s 50 day moving average price is $97.58 and its 200 day moving average price is $101.06.
Veralto Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 31st. Veralto’s dividend payout ratio is 13.87%.
Analyst Ratings Changes
VLTO has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Robert W. Baird set a $108.00 price target on shares of Veralto in a report on Thursday, February 5th. BMO Capital Markets reissued an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Stifel Nicolaus set a $118.00 price objective on Veralto in a report on Thursday, February 5th. Finally, Royal Bank Of Canada cut their target price on Veralto from $111.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Veralto has a consensus rating of “Hold” and a consensus price target of $108.22.
Get Our Latest Stock Analysis on Veralto
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.
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