Generali Asset Management SPA SGR lowered its position in Veralto Corporation (NYSE:VLTO – Free Report) by 20.8% in the 4th quarter, Holdings Channel reports. The fund owned 30,147 shares of the company’s stock after selling 7,906 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Veralto were worth $3,008,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new position in Veralto in the fourth quarter worth $25,000. Root Financial Partners LLC bought a new stake in shares of Veralto during the 3rd quarter valued at $27,000. Goodman Advisory Group LLC bought a new stake in shares of Veralto during the 3rd quarter valued at $29,000. Board of the Pension Protection Fund purchased a new stake in shares of Veralto in the 4th quarter worth about $30,000. Finally, Creative Capital Management Investments LLC increased its stake in shares of Veralto by 45.9% in the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.
Veralto Stock Down 2.1%
NYSE:VLTO opened at $86.89 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. The firm has a market cap of $21.34 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.45 and a beta of 0.77. Veralto Corporation has a fifty-two week low of $84.99 and a fifty-two week high of $110.11. The firm has a 50-day simple moving average of $90.25 and a two-hundred day simple moving average of $96.12.
Veralto Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were 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 was Tuesday, March 31st. Veralto’s dividend payout ratio (DPR) is currently 13.44%.
Analyst Ratings Changes
A number of brokerages recently issued reports on VLTO. Citigroup lowered their price target on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Stifel Nicolaus decreased their target price on shares of Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. UBS Group lifted their target price on shares of Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Barclays cut their price target on Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $103.00 price objective on Veralto in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $105.88.
Read 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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