Albion Financial Group UT Has $36,000 Stock Holdings in Veralto Co. (NYSE:VLTO)

Albion Financial Group UT lifted its stake in shares of Veralto Co. (NYSE:VLTO) by 2,100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 352 shares of the company’s stock after acquiring an additional 336 shares during the quarter. Albion Financial Group UT’s holdings in Veralto were worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new position in shares of Veralto in the 3rd quarter worth about $25,000. Goodman Advisory Group LLC bought a new stake in Veralto in the second quarter worth approximately $26,000. Raleigh Capital Management Inc. lifted its stake in Veralto by 692.3% in the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after buying an additional 270 shares during the period. Erste Asset Management GmbH bought a new position in shares of Veralto during the 3rd quarter worth approximately $46,000. Finally, Versant Capital Management Inc grew its position in shares of Veralto by 140.1% during the 4th 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. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VLTO shares. BMO Capital Markets boosted their target price on shares of Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Citigroup cut their price objective on shares of 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 reduced their target price on Veralto from $119.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. Jefferies Financial Group assumed coverage on Veralto in a research note on Thursday, December 12th. They set a “buy” rating and a $125.00 price target on the stock. Finally, Royal Bank of Canada raised their price objective on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Six equities research 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 currently has a consensus rating of “Hold” and an average price target of $113.27.

Veralto Stock Down 0.3 %

Shares of NYSE:VLTO opened at $102.73 on Thursday. The business’s 50 day moving average is $104.03 and its 200 day moving average is $106.02. Veralto Co. has a 12-month low of $75.05 and a 12-month high of $115.00. The stock has a market cap of $25.41 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 4.33 and a beta of 1.06. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. On average, sell-side analysts forecast that Veralto Co. will post 3.48 earnings per share for the current fiscal year.

Veralto Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.43%. This is an increase from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. Veralto’s dividend payout ratio is presently 13.58%.

Insider Buying and Selling at Veralto

In other news, SVP Surekha Trivedi sold 752 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 10,413 shares of the company’s stock, valued at $1,071,601.83. This represents a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.31% of the company’s stock.

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.