Strs Ohio boosted its position in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 322.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,111 shares of the company’s stock after buying an additional 18,410 shares during the period. Strs Ohio’s holdings in Veralto were worth $2,406,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of VLTO. Laurel Wealth Advisors LLC acquired a new stake in Veralto in the 4th quarter valued at about $25,000. Root Financial Partners LLC acquired a new position in shares of Veralto in the 3rd quarter worth approximately $27,000. Goodman Advisory Group LLC acquired a new stake in Veralto during the third quarter valued at approximately $29,000. Board of the Pension Protection Fund bought a new stake in Veralto during the fourth quarter worth approximately $30,000. Finally, Creative Capital Management Investments LLC boosted 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 buying an additional 107 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.
Veralto Trading Down 0.1%
NYSE VLTO opened at $88.15 on Wednesday. The firm’s 50 day moving average price is $90.46 and its two-hundred day moving average price is $96.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. Veralto Corporation has a twelve month low of $84.99 and a twelve month high of $110.11. The stock has a market cap of $21.65 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.49 and a beta of 0.77.
Veralto Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. Veralto’s dividend payout ratio (DPR) is presently 13.44%.
Analysts Set New Price Targets
VLTO has been the topic of several research reports. Jefferies Financial Group began coverage on Veralto in a report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price target on the stock. Robert W. Baird set a $103.00 target price on Veralto in a report on Thursday, April 30th. Stifel Nicolaus reduced their target price on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Barclays decreased their price target on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company 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 note on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Veralto currently has an average rating of “Hold” and a consensus target price of $105.88.
Check Out Our Latest Report on Veralto
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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