Veralto Co. (NYSE:VLTO) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in shares of Veralto Co. (NYSE:VLTO) by 22.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,197 shares of the company’s stock after selling 8,085 shares during the quarter. State of Alaska Department of Revenue’s holdings in Veralto were worth $2,871,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Veralto in the 3rd quarter valued at about $25,000. Raleigh Capital Management Inc. increased its stake in shares of Veralto by 692.3% in the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares during the period. Albion Financial Group UT raised its holdings in shares of Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after buying an additional 336 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in Veralto in the 4th quarter worth approximately $42,000. Finally, Erste Asset Management GmbH acquired a new stake in Veralto in the 3rd quarter valued at approximately $46,000. Institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VLTO shares. Royal Bank of Canada reduced their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research report on Thursday. Jefferies Financial Group initiated coverage on shares of Veralto in a research report on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price for the company. Stifel Nicolaus dropped their price target on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Citigroup decreased their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $112.55.

Veralto Trading Up 0.4 %

Veralto stock opened at $98.87 on Monday. Veralto Co. has a 1 year low of $81.23 and a 1 year high of $115.00. The firm has a market cap of $24.45 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 4.21 and a beta of 1.06. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.87 and a current ratio of 1.92. The firm’s 50 day moving average price is $102.92 and its two-hundred day moving average price is $106.29.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. On average, research analysts predict that Veralto Co. will post 3.63 EPS for the current fiscal year.

Veralto Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. Veralto’s dividend payout ratio (DPR) is presently 13.17%.

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.