Bradley Foster & Sargent Inc. CT trimmed its holdings in Veralto Corporation (NYSE:VLTO – Free Report) by 12.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 90,356 shares of the company’s stock after selling 13,431 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Veralto were worth $7,989,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in shares of Veralto in the 4th quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Veralto by 82.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock worth $29,000 after buying an additional 129 shares during the last quarter. Creative Capital Management Investments LLC grew its holdings in Veralto by 45.9% during the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after acquiring an additional 107 shares during the period. DV Equities LLC purchased a new position in Veralto during the fourth quarter valued at approximately $35,000. Finally, Elyxium Wealth LLC purchased a new position in Veralto during the fourth quarter valued at approximately $37,000. 91.28% of the stock is owned by institutional investors and hedge funds.
Veralto Price Performance
VLTO opened at $92.02 on Monday. The company has a market cap of $22.60 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63. Veralto Corporation has a twelve month low of $80.03 and a twelve month high of $110.11. The company has a 50-day moving average price of $87.66 and a 200 day moving average price of $91.01. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65.
Veralto Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.6%. Veralto’s payout ratio is currently 13.44%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on VLTO shares. Barclays decreased their price target on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Wolfe Research reaffirmed an “outperform” rating and set a $109.00 target price on shares of Veralto in a report on Thursday, July 9th. Stifel Nicolaus boosted their target price on shares of Veralto from $110.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. Finally, Citigroup dropped their price target on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Veralto currently has a consensus rating of “Hold” and a consensus target price of $106.33.
Get Our Latest Stock Analysis on VLTO
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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