Capital Investment Services of America Inc. Sells 1,801 Shares of Veralto Co. (NYSE:VLTO)

Capital Investment Services of America Inc. reduced its stake in shares of Veralto Co. (NYSE:VLTO) by 9.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,223 shares of the company’s stock after selling 1,801 shares during the period. Capital Investment Services of America Inc.’s holdings in Veralto were worth $1,856,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of VLTO. Ashton Thomas Securities LLC bought a new stake in Veralto in the 3rd quarter valued at approximately $25,000. Raleigh Capital Management Inc. lifted its position in shares of 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 purchasing an additional 270 shares in the last quarter. Albion Financial Group UT grew its position in Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after purchasing an additional 336 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Veralto during the 4th quarter worth about $42,000. Finally, Erste Asset Management GmbH acquired a new position in shares of Veralto during the 3rd quarter worth about $46,000. Institutional investors own 91.28% of the company’s stock.

Veralto Trading Down 5.2 %

Shares of NYSE:VLTO opened at $95.75 on Thursday. Veralto Co. has a 12-month low of $75.05 and a 12-month high of $115.00. The business has a 50 day moving average of $103.54 and a 200-day moving average of $106.38. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The stock has a market cap of $23.68 billion, a PE ratio of 29.55, a P/E/G ratio of 4.35 and a beta of 1.06.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 52.85% and a net margin of 15.69%. As a group, equities research analysts forecast that Veralto Co. will post 3.48 earnings per share for the current year.

Veralto Increases Dividend

The business 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 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio (DPR) is 13.58%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VLTO. Stifel Nicolaus dropped their target price on Veralto from $117.00 to $116.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Jefferies Financial Group started coverage on shares of Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price for the company. Royal Bank of Canada upped their price target 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. Finally, Citigroup lowered their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Veralto presently has an average rating of “Hold” and a consensus target price of $113.18.

Veralto Company 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.