Goldman Sachs Group Inc. boosted its position in Veralto Corporation (NYSE:VLTO – Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,888,690 shares of the company’s stock after purchasing an additional 16,279 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Veralto were worth $288,233,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after buying an additional 479 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Veralto by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock valued at $2,529,000 after buying an additional 1,306 shares during the period. Empowered Funds LLC grew its holdings in Veralto by 20.4% in the 1st quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock valued at $443,000 after buying an additional 770 shares during the period. Geneos Wealth Management Inc. grew its holdings in Veralto by 102.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock valued at $81,000 after buying an additional 421 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in Veralto in the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 91.28% of the company’s stock.
Veralto Stock Up 1.7%
Shares of NYSE:VLTO opened at $86.17 on Friday. 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 $80.03 and a 1 year high of $110.11. The stock has a market capitalization of $21.16 billion, a P/E ratio of 22.27, a PEG ratio of 2.39 and a beta of 0.69. The stock has a 50-day simple moving average of $87.37 and a 200-day simple moving average of $93.91.
Veralto Dividend Announcement
The company 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 dividend of $0.13 per share. 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 payout ratio is presently 13.44%.
Analyst Upgrades and Downgrades
VLTO has been the subject of several recent analyst reports. Robert W. Baird set a $103.00 price target on Veralto in a report on Thursday, April 30th. Stifel Nicolaus lowered their price target on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Barclays lowered their price target on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. UBS Group lifted their price target on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada lifted their price target on Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $105.88.
Read 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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