Robeco Schweiz AG lowered its stake in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 733,011 shares of the company’s stock after selling 23,200 shares during the period. Veralto comprises about 1.6% of Robeco Schweiz AG’s investment portfolio, making the stock its 19th biggest position. Robeco Schweiz AG’s holdings in Veralto were worth $73,140,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Veralto in the fourth quarter worth about $25,000. Root Financial Partners LLC purchased a new position in Veralto during the third quarter valued at approximately $27,000. Goodman Advisory Group LLC acquired a new position in Veralto in the third quarter valued at approximately $29,000. Board of the Pension Protection Fund acquired a new position in Veralto in the fourth quarter valued at approximately $30,000. Finally, Creative Capital Management Investments LLC boosted its position in 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 purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.
Veralto Price Performance
Veralto stock opened at $86.98 on Thursday. The stock has a market capitalization of $21.36 billion, a P/E ratio of 22.47, a P/E/G ratio of 2.49 and a beta of 0.77. The company’s fifty day moving average price is $90.34 and its 200 day moving average price is $96.22. 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 $84.99 and a 1 year high of $110.11.
Veralto Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, March 31st. Veralto’s dividend payout ratio is 13.44%.
Analysts Set New Price Targets
Several research firms have recently weighed in on VLTO. Robert W. Baird set a $103.00 target price on shares of Veralto in a report on Thursday, April 30th. UBS Group increased their price target on shares of Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Barclays cut their price objective on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Jefferies Financial Group initiated coverage on shares of Veralto in a research report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Stifel Nicolaus lowered their target price on shares of Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $105.88.
View Our Latest Stock Report on Veralto
Veralto 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.
Further Reading
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