Global Retirement Partners LLC Has $466,000 Holdings in Veralto Co. (NYSE:VLTO)

Global Retirement Partners LLC lifted its stake in shares of Veralto Co. (NYSE:VLTO) by 5.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,579 shares of the company’s stock after buying an additional 229 shares during the period. Global Retirement Partners LLC’s holdings in Veralto were worth $466,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VLTO. Ashton Thomas Securities LLC bought a new position in shares of Veralto in the 3rd quarter valued at about $25,000. Albion Financial Group UT raised its position in shares of Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after acquiring an additional 336 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Veralto in the 4th quarter valued at $42,000. Erste Asset Management GmbH bought a new position in shares of Veralto in the 3rd quarter worth $46,000. Finally, Raleigh Capital Management Inc. grew its stake in shares of Veralto by 35.3% during the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock worth $43,000 after purchasing an additional 109 shares during the period. 91.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price on the stock. Stifel Nicolaus reduced their price target on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Citigroup lowered their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Finally, Royal Bank of Canada dropped their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $112.55.

Veralto Stock Up 0.5 %

Shares of Veralto stock opened at $98.21 on Monday. The firm has a market cap of $24.29 billion, a PE ratio of 29.41, a P/E/G ratio of 4.24 and a beta of 1.06. Veralto Co. has a 52-week low of $85.70 and a 52-week high of $115.00. The business’s 50 day simple moving average is $101.42 and its 200 day simple moving average is $105.93. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. On average, analysts predict that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. Veralto’s dividend payout ratio is 13.17%.

Insider Buying and Selling

In other news, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the sale, the senior vice president now owns 20,761 shares of the company’s stock, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is currently owned by company insiders.

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.