Liberty Capital Management Inc. Has $246,000 Position in Veralto Co. (NYSE:VLTO)

Liberty Capital Management Inc. lessened its holdings in shares of Veralto Co. (NYSE:VLTO) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,420 shares of the company’s stock after selling 106 shares during the period. Liberty Capital Management Inc.’s holdings in Veralto were worth $246,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Veralto during the third quarter worth approximately $25,000. Raleigh Capital Management Inc. increased its position in Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after acquiring an additional 270 shares during the period. Albion Financial Group UT raised its stake in 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 purchasing an additional 336 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Veralto in the 4th quarter valued at $42,000. Finally, Erste Asset Management GmbH acquired a new stake in Veralto in the 3rd quarter worth $46,000. Institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VLTO. Stifel Nicolaus cut their price objective on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday. Royal Bank of Canada reduced their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research report on Thursday. Jefferies Financial Group initiated coverage on Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Citigroup cut their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $112.55.

Veralto Stock Performance

Veralto stock opened at $98.87 on Monday. The firm has a market capitalization 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. The stock has a fifty day moving average price of $102.92 and a two-hundred day moving average price of $106.29. Veralto Co. has a 52-week low of $81.23 and a 52-week high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.87.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts anticipate that Veralto Co. will post 3.63 EPS for the current fiscal year.

Veralto Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.11 dividend. 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%. The ex-dividend date was Tuesday, December 31st. Veralto’s payout ratio is presently 13.17%.

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.