Lido Advisors LLC lowered its holdings in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 20.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,675 shares of the company’s stock after selling 6,682 shares during the period. Lido Advisors LLC’s holdings in Veralto were worth $2,272,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in VLTO. Azzad Asset Management Inc. ADV increased its holdings in shares of Veralto by 0.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 15,098 shares of the company’s stock valued at $1,506,000 after purchasing an additional 99 shares during the period. IFP Advisors Inc lifted its holdings in Veralto by 14.0% in the third quarter. IFP Advisors Inc now owns 855 shares of the company’s stock worth $91,000 after purchasing an additional 105 shares during the period. Creative Capital Management Investments LLC grew its position in Veralto by 45.9% in the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after buying an additional 107 shares in the last quarter. Private Advisor Group LLC grew its position in Veralto by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock valued at $1,682,000 after buying an additional 109 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Veralto by 18.9% during the 3rd quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock valued at $78,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.
Veralto Stock Performance
Shares of VLTO opened at $92.02 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.32. The firm’s 50 day moving average is $87.66 and its 200-day moving average is $91.01. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $110.11. The stock has a market capitalization of $22.60 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.59 and a beta of 0.63.
Veralto Announces Dividend
The business 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Veralto’s dividend payout ratio is 13.44%.
Analysts Set New Price Targets
A number of analysts have commented on VLTO shares. Royal Bank Of Canada boosted their price target on shares of Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Jefferies Financial Group started coverage on shares of Veralto in a research note on Tuesday, March 31st. They set a “buy” rating and a $110.00 price objective on the stock. UBS Group boosted their target price on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Wolfe Research restated an “outperform” rating and issued a $109.00 target price on shares of Veralto in a research report on Thursday, July 9th. Finally, Stifel Nicolaus increased their price target on Veralto from $110.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Veralto presently has an average rating of “Hold” and an average target price of $106.33.
Check Out Our Latest Stock Analysis on VLTO
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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