Capital International Ltd. CA increased its holdings in Veralto Corporation (NYSE:VLTO – Free Report) by 141.1% during the 4th quarter, HoldingsChannel reports. The firm owned 23,420 shares of the company’s stock after buying an additional 13,708 shares during the period. Capital International Ltd. CA’s holdings in Veralto were worth $2,337,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of VLTO. Norges Bank bought a new stake in Veralto in the fourth quarter worth $261,340,000. AQR Capital Management LLC increased its position in Veralto by 86.1% in the third quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock worth $226,615,000 after purchasing an additional 997,778 shares during the last quarter. Vanguard Group Inc. increased its position in Veralto by 2.8% in the third quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock worth $3,311,135,000 after purchasing an additional 852,276 shares during the last quarter. SG Americas Securities LLC increased its position in Veralto by 10,317.8% in the fourth quarter. SG Americas Securities LLC now owns 781,651 shares of the company’s stock worth $77,993,000 after purchasing an additional 774,148 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Veralto by 24.3% in the third quarter. First Trust Advisors LP now owns 3,508,512 shares of the company’s stock worth $374,042,000 after purchasing an additional 685,614 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.
Veralto Stock Up 0.1%
NYSE VLTO opened at $86.17 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average of $87.37 and a two-hundred day moving average of $93.88. The firm 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 52 week low of $80.03 and a 52 week high of $110.11.
Veralto Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th 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 of this dividend is Tuesday, June 30th. Veralto’s payout ratio is presently 13.44%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Robert W. Baird set a $103.00 price target on shares of Veralto in a research report on Thursday, April 30th. Stifel Nicolaus reduced their price target on shares of Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. UBS Group boosted their price target on shares of Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Citigroup reduced their price target on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their price objective on shares of Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $105.88.
Get Our Latest 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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