Landscape Capital Management L.L.C. raised its holdings in Veralto Corporation (NYSE:VLTO – Free Report) by 30.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,426 shares of the company’s stock after acquiring an additional 8,909 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Veralto were worth $3,834,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Azzad Asset Management Inc. ADV lifted its stake in Veralto by 0.7% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 15,098 shares of the company’s stock valued at $1,506,000 after buying an additional 99 shares during the period. IFP Advisors Inc lifted its stake in Veralto by 14.0% in the third quarter. IFP Advisors Inc now owns 855 shares of the company’s stock valued at $91,000 after buying an additional 105 shares during the period. Creative Capital Management Investments LLC lifted its stake in Veralto by 45.9% in the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after buying an additional 107 shares during the period. Private Advisor Group LLC lifted its stake in Veralto by 0.7% in the third quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock valued at $1,682,000 after buying an additional 109 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Veralto by 18.9% in the third quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock valued at $78,000 after buying an additional 117 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.
Veralto Stock Up 0.0%
Shares of NYSE:VLTO opened at $83.40 on Monday. The company has a market capitalization of $20.48 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.35 and a beta of 0.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.32. The business has a fifty day moving average price of $87.10 and a two-hundred day moving average price of $93.39. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $110.11.
Veralto Announces Dividend
The firm 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 $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Veralto’s dividend payout ratio is 13.44%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on VLTO shares. Royal Bank Of Canada boosted their price target on Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Barclays decreased their price objective on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Robert W. Baird set a $103.00 price objective on Veralto in a report on Thursday, April 30th. Stifel Nicolaus decreased their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Citigroup decreased their price objective on Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $105.88.
Get Our Latest Stock Report 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.
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