Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Veralto Corporation (NYSE:VLTO – Free Report) by 11.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 74,757 shares of the company’s stock after selling 9,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Veralto were worth $7,459,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in Veralto in the 4th quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new stake in shares of Veralto in the 3rd quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Veralto by 82.2% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock valued at $29,000 after purchasing an additional 129 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in shares of Veralto in the 4th quarter valued at $30,000. Finally, Creative Capital Management Investments LLC boosted its stake in shares of Veralto by 45.9% in the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 107 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.
Veralto Stock Up 0.1%
Veralto stock opened at $86.17 on Monday. Veralto Corporation has a 1-year low of $80.03 and a 1-year high of $110.11. The firm has a market capitalization of $21.16 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.43 and a beta of 0.69. The firm’s fifty day moving average price is $87.37 and its two-hundred day moving average price is $93.88. The company has a current ratio of 1.48, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65.
Veralto Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued 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 is Tuesday, June 30th. Veralto’s dividend payout ratio (DPR) is 13.44%.
Analysts Set New Price Targets
VLTO has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Citigroup reduced their price objective on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Royal Bank Of Canada upped their price objective on shares of Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Stifel Nicolaus reduced their price objective on shares of Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Jefferies Financial Group initiated coverage on shares of Veralto in a research note on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $105.88.
Get Our Latest Analysis on VLTO
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.
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