O Brien Greene & Co. Inc increased its holdings in Veralto Corporation (NYSE:VLTO – Free Report) by 15.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 65,556 shares of the company’s stock after purchasing an additional 8,819 shares during the quarter. Veralto comprises about 1.9% of O Brien Greene & Co. Inc’s portfolio, making the stock its 23rd biggest holding. O Brien Greene & Co. Inc’s holdings in Veralto were worth $6,541,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in Veralto by 16.1% during the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after purchasing an additional 479 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Veralto by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock worth $2,529,000 after acquiring an additional 1,306 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Veralto by 20.4% during the 1st quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock worth $443,000 after acquiring an additional 770 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Veralto by 102.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock worth $81,000 after acquiring an additional 421 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Veralto during the 2nd quarter worth $201,000. 91.28% of the stock is owned by institutional investors.
Veralto Price Performance
VLTO opened at $84.76 on Friday. The stock has a fifty day moving average of $89.03 and a 200-day moving average of $95.42. The firm has a market capitalization of $20.82 billion, a P/E ratio of 21.90, a PEG ratio of 2.39 and a beta of 0.77. Veralto Corporation has a 12-month low of $84.45 and a 12-month high of $110.11. 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. Veralto’s dividend payout ratio is presently 13.44%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Citigroup reduced their price objective on Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Stifel Nicolaus reduced their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada raised their price objective on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Jefferies Financial Group assumed coverage on Veralto in a research note on Tuesday, March 31st. They set a “buy” rating and a $110.00 price objective for the company. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $105.88.
Read Our Latest Stock Analysis on VLTO
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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