National Pension Service lifted its holdings in Veralto Corporation (NYSE:VLTO – Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 443,850 shares of the company’s stock after purchasing an additional 38,613 shares during the quarter. National Pension Service’s holdings in Veralto were worth $44,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of VLTO. Laurel Wealth Advisors LLC purchased a new position in shares of Veralto in the fourth quarter worth $25,000. Goodman Advisory Group LLC purchased a new position in shares of Veralto in the third quarter worth $29,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Veralto by 82.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock worth $29,000 after purchasing an additional 129 shares during the last quarter. Board of the Pension Protection Fund purchased a new position in shares of Veralto in the fourth quarter worth $30,000. Finally, Creative Capital Management Investments LLC raised its stake in shares of Veralto by 45.9% in the fourth 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. Hedge funds and other institutional investors own 91.28% of the company’s stock.
Veralto Stock Up 0.1%
Veralto stock opened at $82.29 on Monday. The stock has a market cap of $20.21 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.32 and a beta of 0.70. 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 one year low of $80.03 and a one year high of $110.11. The stock has a fifty day moving average of $87.75 and a 200 day moving average of $94.37.
Veralto Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.13 per share. 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%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on VLTO shares. Royal Bank Of Canada boosted their price target on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Barclays decreased their price target on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. BMO Capital Markets restated an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Jefferies Financial Group began coverage on Veralto in a research note on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price target for the company. Finally, Citigroup reduced their price objective on Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Veralto currently has an average rating of “Hold” and an average price target of $105.88.
Read Our Latest Stock Analysis 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.
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