Rathbones Group PLC lifted its holdings in Veralto Corporation (NYSE:VLTO – Free Report) by 205.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,223 shares of the company’s stock after buying an additional 117,272 shares during the quarter. Rathbones Group PLC owned about 0.07% of Veralto worth $17,384,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in VLTO. Brighton Jones LLC raised its holdings 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Veralto by 5.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock valued at $2,529,000 after buying an additional 1,306 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Veralto by 20.4% in the first quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock valued at $443,000 after buying an additional 770 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Veralto by 102.4% in the first quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock valued at $81,000 after buying an additional 421 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in shares of Veralto in the second quarter valued at about $201,000. 91.28% of the stock is owned by institutional investors.
Veralto Stock Performance
Shares of NYSE:VLTO opened at $88.63 on Tuesday. The stock has a market capitalization of $21.77 billion, a P/E ratio of 23.64, a P/E/G ratio of 2.49 and a beta of 0.98. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11. The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $92.43 and a two-hundred day moving average price of $98.36.
Veralto Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be paid a $0.13 dividend. 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 is 13.87%.
Analyst Ratings Changes
Several analysts have weighed in on the company. Robert W. Baird set a $108.00 price objective on Veralto in a report on Thursday, February 5th. Royal Bank Of Canada dropped their price objective on Veralto from $111.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, February 5th. Jefferies Financial Group assumed coverage on Veralto in a report on Tuesday, March 31st. They set a “buy” rating and a $110.00 price objective for the company. Citigroup dropped their price objective on Veralto from $111.00 to $104.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Finally, UBS Group set a $102.00 price objective on Veralto and gave the stock a “neutral” rating in a report on Friday, February 6th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Veralto has a consensus rating of “Moderate Buy” and a consensus price target of $108.78.
Read Our Latest Report 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.
Further Reading
Want to see what other hedge funds are holding VLTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veralto Corporation (NYSE:VLTO – Free Report).
Receive News & Ratings for Veralto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veralto and related companies with MarketBeat.com's FREE daily email newsletter.
