Veralto Co. (NYSE:VLTO) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in shares of Veralto Co. (NYSE:VLTO) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,822 shares of the company’s stock after selling 1,373 shares during the period. Pacer Advisors Inc.’s holdings in Veralto were worth $2,121,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Veralto during the third quarter worth $25,000. Raleigh Capital Management Inc. raised its stake in Veralto by 692.3% in the 3rd 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 last quarter. Albion Financial Group UT lifted its position in Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after acquiring an additional 336 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Veralto during the 4th quarter valued at about $42,000. Finally, Versant Capital Management Inc increased its holdings in shares of Veralto by 140.1% in the fourth quarter. Versant Capital Management Inc now owns 437 shares of the company’s stock valued at $45,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Stock Down 0.3 %

Veralto stock opened at $103.49 on Friday. Veralto Co. has a 12 month low of $75.05 and a 12 month high of $115.00. The stock has a market capitalization of $25.59 billion, a PE 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 current ratio of 2.13 and a quick ratio of 1.87. The business has a 50 day simple moving average of $103.88 and a 200-day simple moving average of $106.20.

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 given a dividend of $0.11 per share. The ex-dividend date was Tuesday, December 31st. This is a boost from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 0.43%. Veralto’s dividend payout ratio is currently 13.58%.

Analyst Ratings Changes

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

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.