Quent Capital LLC Purchases 103 Shares of Veralto Co. (NYSE:VLTO)

Quent Capital LLC increased its holdings in Veralto Co. (NYSE:VLTO) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 699 shares of the company’s stock after purchasing an additional 103 shares during the quarter. Quent Capital LLC’s holdings in Veralto were worth $71,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of VLTO. CWM LLC boosted its holdings in Veralto by 5.9% in the third quarter. CWM LLC now owns 6,138 shares of the company’s stock valued at $687,000 after acquiring an additional 343 shares in the last quarter. Creative Planning boosted its stake in shares of Veralto by 2.9% during the 3rd quarter. Creative Planning now owns 26,186 shares of the company’s stock valued at $2,929,000 after purchasing an additional 726 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new position in shares of Veralto during the third quarter valued at about $1,085,000. nVerses Capital LLC bought a new position in Veralto in the third quarter worth about $996,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Veralto by 112.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,278 shares of the company’s stock worth $6,183,000 after buying an additional 29,313 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on VLTO shares. Jefferies Financial Group began coverage on Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective on the stock. Citigroup reduced their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada lowered 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. Finally, Stifel Nicolaus reduced their target price on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $112.55.

Insider Activity

In related news, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the sale, the senior vice president now owns 20,761 shares in the company, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

Veralto Trading Down 0.3 %

NYSE:VLTO opened at $99.77 on Friday. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 4.21 and a beta of 1.06. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The company’s 50 day moving average price is $102.48 and its 200-day moving average price is $106.26. Veralto Co. has a 52 week low of $82.90 and a 52 week high of $115.00.

Veralto (NYSE:VLTO) last posted its earnings results 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%. On average, equities research analysts forecast that Veralto Co. will post 3.63 earnings per share for the current fiscal year.

Veralto Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.11 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.44 annualized dividend and a yield of 0.44%. This is a boost from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio is currently 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.