National Pension Service grew its holdings in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 443,850 shares of the company’s stock after buying an additional 38,613 shares during the period. National Pension Service owned 0.18% of Veralto worth $44,287,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in VLTO. Brighton Jones LLC increased its stake in shares of Veralto by 16.1% during 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Veralto by 5.3% during 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 period. Empowered Funds LLC increased its stake in shares of Veralto by 20.4% during 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 period. Geneos Wealth Management Inc. increased its stake in shares of Veralto by 102.4% during 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 period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Veralto during the second quarter valued at approximately $201,000. 91.28% of the stock is owned by hedge funds and other institutional investors.
Veralto Trading Up 0.1%
Veralto stock opened at $82.29 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65. The business’s fifty day simple moving average is $87.75 and its two-hundred day simple moving average is $94.37. Veralto Corporation has a 12 month low of $80.03 and a 12 month high of $110.11. The company has a market capitalization of $20.21 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 2.32 and a beta of 0.70.
Veralto Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Veralto’s payout ratio is 13.44%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Barclays reduced their target price on Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Jefferies Financial Group initiated coverage on Veralto in a research report on Tuesday, March 31st. They set a “buy” rating and a $110.00 price target on the stock. UBS Group lifted their price target on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Robert W. Baird set a $103.00 price target on Veralto in a research report on Thursday, April 30th. Finally, Citigroup dropped their price target on Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $105.88.
View Our Latest Stock Analysis on Veralto
About Veralto
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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