Landscape Capital Management L.L.C. boosted its holdings in Veralto Corporation (NYSE:VLTO – Free Report) by 30.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,426 shares of the company’s stock after buying an additional 8,909 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Veralto were worth $3,834,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. Azzad Asset Management Inc. ADV boosted its stake in shares of Veralto by 0.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 15,098 shares of the company’s stock valued at $1,506,000 after purchasing an additional 99 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Veralto by 14.0% during the third quarter. IFP Advisors Inc now owns 855 shares of the company’s stock valued at $91,000 after purchasing an additional 105 shares in the last quarter. Creative Capital Management Investments LLC boosted its stake in shares of Veralto by 45.9% during the fourth 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 in the last quarter. Private Advisor Group LLC boosted its stake in shares of Veralto by 0.7% during the third quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock valued at $1,682,000 after purchasing an additional 109 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Veralto by 18.9% during the third quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock valued at $78,000 after purchasing an additional 117 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.
Veralto Price Performance
Shares of VLTO opened at $83.40 on Monday. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $110.11. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.32. The company has a market capitalization of $20.48 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.35 and a beta of 0.70. The business has a 50-day moving average of $87.10 and a 200-day moving average of $93.39.
Veralto Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.52 annualized dividend and a yield of 0.6%. Veralto’s payout ratio is 13.44%.
Wall Street Analyst Weigh In
VLTO has been the topic of a number of recent research reports. Robert W. Baird set a $103.00 price target on Veralto in a research note on Thursday, April 30th. Jefferies Financial Group initiated coverage on Veralto in a research note on Tuesday, March 31st. They set a “buy” rating and a $110.00 price target on the stock. Royal Bank Of Canada lifted their price target on Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. UBS Group lifted their price target on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Barclays cut their price target on Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Veralto has an average rating of “Hold” and a consensus target price of $105.88.
Check Out Our Latest Stock 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.
Read More
- Five stocks we like better than Veralto
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
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.
