Community Financial Services Group LLC Grows Stock Position in Veralto Co. (NYSE:VLTO)

Community Financial Services Group LLC increased its holdings in Veralto Co. (NYSE:VLTO) by 4.3% during the 4th quarter, HoldingsChannel reports. The fund owned 51,729 shares of the company’s stock after acquiring an additional 2,148 shares during the quarter. Community Financial Services Group LLC’s holdings in Veralto were worth $5,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC lifted its holdings in Veralto by 0.5% in the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock worth $2,055,000 after purchasing an additional 98 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Veralto by 2.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock valued at $431,000 after buying an additional 99 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Veralto by 1.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company’s stock worth $821,000 after purchasing an additional 100 shares in the last quarter. Strategic Blueprint LLC lifted its stake in Veralto by 4.5% in the third quarter. Strategic Blueprint LLC now owns 2,394 shares of the company’s stock valued at $268,000 after acquiring an additional 102 shares during the last quarter. Finally, Insigneo Advisory Services LLC boosted its holdings in Veralto by 1.8% in the third quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock worth $645,000 after purchasing an additional 103 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Trading Up 0.1 %

NYSE:VLTO opened at $99.85 on Wednesday. Veralto Co. has a 12 month low of $81.23 and a 12 month high of $115.00. The stock has a market capitalization of $24.69 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 4.21 and a beta of 1.06. The firm has a fifty day simple moving average of $102.78 and a two-hundred day simple moving average of $106.34. 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 (NYSE:VLTO) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating 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%. Analysts expect that Veralto Co. will post 3.63 EPS for the current fiscal year.

Veralto Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VLTO. Royal Bank of Canada cut 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, February 6th. Stifel Nicolaus cut their price target on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group began coverage on Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price on the stock. Finally, Citigroup lowered their price target 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. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.