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

Liberty Capital Management Inc. reduced its position in Veralto Co. (NYSE:VLTO) by 4.2% in the 4th quarter, Holdings Channel reports. The institutional investor 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 quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VLTO. Ashton Thomas Securities LLC bought a new position in Veralto in the third quarter valued at about $25,000. Raleigh Capital Management Inc. lifted its position in Veralto by 692.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares during the period. Albion Financial Group UT boosted its stake in shares of Veralto by 2,100.0% in 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 shares of Veralto during the fourth quarter worth approximately $42,000. Finally, Versant Capital Management Inc lifted its holdings in 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 buying an additional 255 shares during the period. Institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Veralto Price Performance

NYSE VLTO opened at $98.87 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.87 and a current ratio of 1.92. Veralto Co. has a 52-week low of $81.23 and a 52-week high of $115.00. The business has a 50 day simple moving average of $102.92 and a 200 day simple moving average of $106.29. The stock has a market cap of $24.45 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 4.21 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, 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%. Analysts anticipate that Veralto Co. will post 3.63 earnings per share for the current fiscal year.

Veralto Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.11 per share. This is a boost 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 dividend payout ratio is currently 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.