Mar Vista Investment Partners LLC cut its holdings in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 64.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 100,434 shares of the company’s stock after selling 180,143 shares during the quarter. Mar Vista Investment Partners LLC’s holdings in Veralto were worth $10,021,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in VLTO. Brighton Jones LLC lifted its position in Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock worth $352,000 after buying an additional 479 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Veralto by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock worth $2,529,000 after purchasing an additional 1,306 shares during the period. Empowered Funds LLC raised its holdings in shares of Veralto by 20.4% in the 1st quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock worth $443,000 after purchasing an additional 770 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Veralto by 102.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock worth $81,000 after purchasing an additional 421 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Veralto in the 2nd quarter worth about $201,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.
Veralto Price Performance
VLTO stock opened at $84.11 on Wednesday. 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 1 year low of $80.03 and a 1 year high of $110.11. The firm has a market cap of $20.66 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.33 and a beta of 0.70. The stock has a 50-day simple moving average of $86.91 and a 200-day simple moving average of $93.11.
Veralto Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. Veralto’s dividend payout ratio (DPR) is 13.44%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Veralto in a report on Tuesday, March 31st. They issued 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 report on Tuesday, April 14th. Robert W. Baird set a $103.00 price objective on Veralto in a report on Thursday, April 30th. Barclays cut their price objective on Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, UBS Group raised their price objective on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Veralto currently has a consensus rating of “Hold” and an average price target of $105.88.
View Our Latest Analysis on VLTO
About Veralto
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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