Duff & Phelps Investment Management Co. boosted its holdings in Veralto Corporation (NYSE:VLTO – Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,881 shares of the company’s stock after purchasing an additional 10,643 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Veralto were worth $36,768,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Mackenzie Financial Corp increased its stake in Veralto by 3.8% in the third quarter. Mackenzie Financial Corp now owns 27,974 shares of the company’s stock valued at $2,982,000 after purchasing an additional 1,017 shares during the period. Van ECK Associates Corp boosted its stake in shares of Veralto by 0.9% during the third quarter. Van ECK Associates Corp now owns 93,600 shares of the company’s stock worth $9,978,000 after buying an additional 847 shares during the period. Capital International Sarl boosted its stake in shares of Veralto by 3.6% during the third quarter. Capital International Sarl now owns 9,356 shares of the company’s stock worth $997,000 after buying an additional 322 shares during the period. Capital International Inc. CA grew its holdings in shares of Veralto by 11.5% during the third quarter. Capital International Inc. CA now owns 2,897 shares of the company’s stock worth $309,000 after buying an additional 299 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Veralto by 20.7% during the third quarter. Russell Investments Group Ltd. now owns 525,304 shares of the company’s stock worth $55,951,000 after buying an additional 90,186 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.
Veralto Price Performance
Shares of NYSE:VLTO opened at $91.31 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.67 and a debt-to-equity ratio of 0.64. The company has a market cap of $22.63 billion, a P/E ratio of 24.35, a PEG ratio of 2.60 and a beta of 0.89. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $110.11. The company has a 50-day moving average price of $97.07 and a 200 day moving average price of $100.72.
Veralto Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 31st. Veralto’s dividend payout ratio is currently 13.87%.
Analyst Ratings Changes
Several analysts have commented on the company. Weiss Ratings downgraded Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Robert W. Baird set a $108.00 target price on Veralto in a research note on Thursday, February 5th. Stifel Nicolaus set a $118.00 target price on Veralto in a report on Thursday, February 5th. BMO Capital Markets restated an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Finally, UBS Group set a $102.00 price target on Veralto and gave the stock a “neutral” rating in a report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Veralto currently has an average rating of “Hold” and a consensus target price of $108.22.
View Our Latest Stock Analysis on Veralto
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.
Featured Stories
- Five stocks we like better than Veralto
- The gold chart Wall Street is terrified of…
- “This AI Giant is About to Go Bust”
- I tried out Elon Musk’s new AI tech — it floored me
- Elon Musk’s $1 Quadrillion AI IPO
- Is Trump Done? Shocking leak…
Want to see what other hedge funds are holding VLTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veralto Corporation (NYSE:VLTO – Free Report).
Receive News & Ratings for Veralto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veralto and related companies with MarketBeat.com's FREE daily email newsletter.
