Mirae Asset Global Investments Co. Ltd. Purchases 5,909 Shares of Veralto Co. (NYSE:VLTO)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Veralto Co. (NYSE:VLTO) by 25.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 29,311 shares of the company’s stock after buying an additional 5,909 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Veralto were worth $3,014,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

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

Veralto Stock Up 0.4 %

Shares of VLTO opened at $98.87 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.87 and a debt-to-equity ratio of 1.27. Veralto Co. has a 12 month low of $81.23 and a 12 month high of $115.00. The firm’s 50 day moving average is $102.92 and its 200-day moving average is $106.29. The stock has a market capitalization of $24.45 billion, a PE ratio of 29.60, a P/E/G ratio of 4.21 and a beta of 1.06.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. Equities research analysts forecast that Veralto Co. will post 3.63 EPS for the current year.

Veralto Increases Dividend

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

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.