Buffington Mohr McNeal Has $419,000 Stock Holdings in Veralto Co. (NYSE:VLTO)

Buffington Mohr McNeal grew its position in Veralto Co. (NYSE:VLTO) by 8.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,109 shares of the company’s stock after purchasing an additional 318 shares during the period. Buffington Mohr McNeal’s holdings in Veralto were worth $419,000 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 acquired a new stake in Veralto in the third quarter worth $25,000. Raleigh Capital Management Inc. increased its holdings in Veralto by 692.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after purchasing an additional 270 shares in the last quarter. Albion Financial Group UT raised 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 period. Geneos Wealth Management Inc. bought a new stake in shares of Veralto in the fourth quarter valued at about $42,000. Finally, Versant Capital Management Inc boosted its position in shares of Veralto by 140.1% during the fourth quarter. Versant Capital Management Inc now owns 437 shares of the company’s stock worth $45,000 after buying an additional 255 shares during the period. Institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 752 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the sale, the senior vice president now directly owns 10,413 shares of the company’s stock, valued at $1,071,601.83. The trade was a 6.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is owned by insiders.

Veralto Stock Up 1.5 %

Shares of Veralto stock opened at $103.25 on Tuesday. The firm has a market cap of $25.54 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 4.31 and a beta of 1.06. The stock’s 50-day moving average is $103.97 and its 200 day moving average is $106.16. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. Veralto Co. has a one year low of $75.05 and a one year high of $115.00.

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.11 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.43%. This is a positive change from Veralto’s previous quarterly dividend of $0.09. Veralto’s payout ratio is currently 13.58%.

Analyst Ratings Changes

VLTO has been the topic of a number of research reports. Jefferies Financial Group started coverage on shares of Veralto in a research report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective on the stock. Stifel Nicolaus reduced their target price on Veralto from $117.00 to $116.00 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets raised their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Royal Bank of Canada lifted their price target on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Finally, Citigroup dropped their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.