Capital Advisors Inc. OK boosted its holdings in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 27.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 485,539 shares of the company’s stock after purchasing an additional 104,629 shares during the quarter. Capital Advisors Inc. OK’s holdings in Veralto were worth $48,447,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PFG Investments LLC grew its holdings in Veralto by 2.7% in the 3rd quarter. PFG Investments LLC now owns 3,792 shares of the company’s stock valued at $404,000 after buying an additional 100 shares during the last quarter. Strategic Blueprint LLC lifted its holdings in shares of Veralto by 4.3% during the third quarter. Strategic Blueprint LLC now owns 2,543 shares of the company’s stock worth $271,000 after buying an additional 105 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Veralto by 14.0% during the third quarter. IFP Advisors Inc now owns 855 shares of the company’s stock worth $91,000 after buying an additional 105 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Veralto by 0.7% in the third quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock valued at $1,682,000 after acquiring an additional 109 shares during the period. Finally, City Holding Co. grew its stake in shares of Veralto by 0.5% in the third quarter. City Holding Co. now owns 21,345 shares of the company’s stock worth $2,276,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.
Veralto Stock Up 2.6%
NYSE VLTO opened at $88.28 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average is $93.50 and its two-hundred day moving average is $98.89. The company has a market capitalization of $21.68 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.44 and a beta of 0.89. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11.
Veralto Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st. Veralto’s dividend payout ratio is currently 13.87%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on VLTO shares. Barclays reaffirmed an “overweight” rating and set a $117.00 target price on shares of Veralto in a research report on Thursday, February 5th. Royal Bank Of Canada decreased their price target on shares of Veralto from $111.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 5th. Stifel Nicolaus set a $118.00 price objective on shares of Veralto in a research report on Thursday, February 5th. Jefferies Financial Group began coverage on shares of Veralto in a research note on Tuesday. They issued a “buy” rating and a $110.00 target price for the company. Finally, UBS Group set a $102.00 target price on Veralto and gave the stock a “neutral” rating in a research report on Friday, February 6th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.78.
View Our Latest Stock Report on Veralto
Veralto Company 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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