Wilmington Savings Fund Society FSB Has $2.89 Million Stock Position in Veralto Co. (NYSE:VLTO)

Wilmington Savings Fund Society FSB lessened its stake in shares of Veralto Co. (NYSE:VLTO) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,337 shares of the company’s stock after selling 246 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Veralto were worth $2,886,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in shares of Veralto by 9.8% during the third quarter. State Street Corp now owns 9,599,499 shares of the company’s stock worth $1,074,654,000 after purchasing an additional 860,608 shares during the period. Geode Capital Management LLC grew its holdings in shares of Veralto by 10.5% during the third quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company’s stock valued at $654,232,000 after buying an additional 558,393 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Veralto by 34.6% in the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company’s stock worth $400,928,000 after acquiring an additional 1,009,170 shares during the last quarter. FMR LLC boosted its stake in Veralto by 5.1% during the 3rd quarter. FMR LLC now owns 3,329,717 shares of the company’s stock valued at $372,462,000 after purchasing an additional 162,347 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Veralto by 0.4% in the third quarter. Janus Henderson Group PLC now owns 2,885,996 shares of the company’s stock worth $322,827,000 after purchasing an additional 11,430 shares during the last quarter. 91.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Veralto Trading Up 0.4 %

NYSE:VLTO opened at $98.87 on Friday. Veralto Co. has a 1 year low of $81.23 and a 1 year high of $115.00. The stock’s fifty day moving average price is $102.92 and its two-hundred day moving average price is $106.25. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.87. The company has a market cap of $24.45 billion, a P/E ratio of 29.60, a P/E/G ratio of 4.21 and a beta of 1.06.

Veralto (NYSE:VLTO) last posted its earnings results 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 return on equity of 49.29% and a net margin of 16.04%. As a group, analysts expect that Veralto Co. will post 3.63 EPS for the current year.

Veralto Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Tuesday, December 31st. This is an increase from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio (DPR) is 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.