WINTON GROUP Ltd acquired a new stake in shares of Veralto Corporation (NYSE:VLTO – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,209 shares of the company’s stock, valued at approximately $4,511,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Azzad Asset Management Inc. ADV raised its stake in 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 buying an additional 99 shares in the last quarter. IFP Advisors Inc raised its stake in 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 buying an additional 105 shares in the last quarter. Creative Capital Management Investments LLC raised its stake in 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 buying an additional 107 shares in the last quarter. Private Advisor Group LLC raised its stake in 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 buying an additional 109 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in 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 buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.
Veralto Stock Up 1.7%
Shares of Veralto stock opened at $86.17 on Friday. 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 50 day simple moving average is $87.37 and its 200-day simple moving average is $93.91. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.43 and a beta of 0.69. Veralto Corporation has a twelve month low of $80.03 and a twelve month high of $110.11.
Veralto Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Veralto’s dividend payout ratio is presently 13.44%.
Analysts Set New Price Targets
VLTO has been the topic of several research reports. 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 objective on the stock. Stifel Nicolaus cut their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. UBS Group upped their price objective on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Robert W. Baird set a $103.00 price objective on Veralto in a research note on Thursday, April 30th. Finally, Citigroup cut their price objective 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 equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $105.88.
Read Our Latest Report 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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