Kovitz Investment Group Partners LLC increased its position in Veralto Corporation (NYSE:VLTO – Free Report) by 642.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,438 shares of the company’s stock after purchasing an additional 45,379 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Veralto were worth $5,232,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new stake in Veralto during the 4th quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Veralto during the third quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Veralto by 82.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock valued at $29,000 after purchasing an additional 129 shares during the last quarter. Board of the Pension Protection Fund acquired a new stake in Veralto during the 4th quarter valued at approximately $30,000. Finally, Creative Capital Management Investments LLC increased its holdings in Veralto by 45.9% during 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 during the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.
Veralto Price Performance
Shares of NYSE:VLTO opened at $83.88 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. Veralto Corporation has a fifty-two week low of $80.03 and a fifty-two week high of $110.11. The firm has a 50-day simple moving average of $86.56 and a 200 day simple moving average of $92.80. The company has a market cap of $20.60 billion, a PE ratio of 21.67, a P/E/G ratio of 2.37 and a beta of 0.69.
Veralto Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto’s payout ratio is currently 13.44%.
Wall Street Analysts Forecast Growth
VLTO has been the subject of a number of recent analyst reports. Citigroup decreased 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 reduced their price objective 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. Royal Bank Of Canada raised their price objective on shares of Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Jefferies Financial Group started coverage on shares of Veralto in a research report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 target price for the company. Finally, UBS Group upped their target price on shares of Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $105.88.
View Our Latest Stock Report on VLTO
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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