4,185 Shares in Veralto Co. (NYSE:VLTO) Bought by Advisors Preferred LLC

Advisors Preferred LLC bought a new stake in Veralto Co. (NYSE:VLTO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,185 shares of the company’s stock, valued at approximately $421,000.

Several other hedge funds have also recently bought and sold shares of VLTO. Ashton Thomas Securities LLC bought a new position in Veralto in the 3rd quarter valued at $25,000. Raleigh Capital Management Inc. increased its position in Veralto by 692.3% in the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after buying an additional 270 shares in the last quarter. Albion Financial Group UT increased its holdings in Veralto by 2,100.0% in 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. purchased a new position in shares of Veralto during the 4th quarter worth about $42,000. Finally, Erste Asset Management GmbH bought a new stake in shares of Veralto in the 3rd quarter valued at about $46,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Up 0.4 %

VLTO stock opened at $98.87 on Friday. Veralto Co. has a 52 week low of $81.23 and a 52 week high of $115.00. The company has a current ratio of 1.92, a quick ratio of 1.87 and a debt-to-equity ratio of 1.27. The company’s 50-day moving average price is $102.92 and its 200 day moving average price is $106.25. The company has a market cap of $24.45 billion, a P/E ratio of 29.60, a P/E/G ratio of 4.21 and a beta of 1.06.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. On average, research analysts expect that Veralto Co. will post 3.63 earnings per share for the current fiscal year.

Veralto Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VLTO shares. Stifel Nicolaus dropped their target price on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank of Canada decreased their price target on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday. Jefferies Financial Group assumed coverage on shares of Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 price target for the company. Finally, Citigroup dropped their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $112.55.

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.