CenterBook Partners LP lifted its position in Veralto Corporation (NYSE:VLTO – Free Report) by 50.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,675 shares of the company’s stock after acquiring an additional 11,949 shares during the quarter. CenterBook Partners LP’s holdings in Veralto were worth $3,803,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLTO. Root Financial Partners LLC acquired a new stake in shares of Veralto during the third quarter worth approximately $27,000. Loomis Sayles & Co. L P acquired a new position in Veralto in the 2nd quarter valued at approximately $28,000. True Wealth Design LLC lifted its position in Veralto by 852.9% in the 3rd quarter. True Wealth Design LLC now owns 324 shares of the company’s stock worth $35,000 after buying an additional 290 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Veralto during the 2nd quarter valued at $44,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Veralto during the 2nd quarter valued at $50,000. Institutional investors and hedge funds own 91.28% of the company’s stock.
Veralto Stock Performance
NYSE VLTO opened at $94.37 on Thursday. The company’s fifty day moving average is $98.96 and its two-hundred day moving average is $102.12. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $110.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.67 and a quick ratio of 1.52. The firm has a market capitalization of $23.43 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 2.63 and a beta of 0.89.
Veralto Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Veralto’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, December 31st. Veralto’s dividend payout ratio is presently 13.87%.
Insider Activity at Veralto
In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of Veralto stock in a transaction on Monday, December 1st. The stock was sold at an average price of $101.73, for a total value of $101,730.00. Following the completion of the transaction, the senior vice president owned 31,430 shares in the company, valued at approximately $3,197,373.90. The trade was a 3.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on VLTO shares. UBS Group set a $102.00 price target on Veralto and gave the company a “neutral” rating in a report on Friday, February 6th. Barclays reiterated an “overweight” rating and issued a $117.00 target price on shares of Veralto in a research note on Thursday, February 5th. Jefferies Financial Group restated a “hold” rating on shares of Veralto in a research note on Wednesday, February 4th. Citigroup cut their price target on shares of Veralto from $111.00 to $104.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Finally, Robert W. Baird set a $108.00 price objective on shares of Veralto in a research note on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $108.22.
Read Our Latest Research 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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