Mediolanum International Funds Ltd Buys 50,460 Shares of Veralto Co. (NYSE:VLTO)

Mediolanum International Funds Ltd lifted its stake in Veralto Co. (NYSE:VLTO) by 61.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,142 shares of the company’s stock after buying an additional 50,460 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Veralto were worth $13,447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in Veralto during the third quarter valued at about $25,000. Raleigh Capital Management Inc. raised its stake in Veralto by 692.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares during the period. Albion Financial Group UT lifted 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 worth $36,000 after purchasing an additional 336 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in Veralto in the 4th quarter worth approximately $42,000. Finally, Versant Capital Management Inc grew its holdings in Veralto by 140.1% during the 4th quarter. Versant Capital Management Inc now owns 437 shares of the company’s stock valued at $45,000 after buying an additional 255 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VLTO shares. Royal Bank of Canada upped their target price on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Citigroup dropped their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Jefferies Financial Group began coverage on Veralto in a research report on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Stifel Nicolaus dropped their price target on Veralto from $117.00 to $116.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $113.18.

Veralto Price Performance

Shares of Veralto stock opened at $103.49 on Friday. The stock has a market cap of $25.59 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 4.32 and a beta of 1.06. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. The stock has a 50 day moving average price of $103.88 and a 200-day moving average price of $106.20. Veralto Co. has a one year low of $75.05 and a one year high of $115.00.

Veralto Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.43%. This is a positive change from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date was Tuesday, December 31st. Veralto’s payout ratio is presently 13.58%.

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.