Kirr Marbach & Co. LLC IN Has $8.06 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

Kirr Marbach & Co. LLC IN decreased its position in Veralto Co. (NYSE:VLTO) by 0.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 79,036 shares of the company’s stock after selling 476 shares during the period. Veralto comprises approximately 1.7% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 20th largest position. Kirr Marbach & Co. LLC IN’s holdings in Veralto were worth $8,058,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Buffington Mohr McNeal lifted its stake in Veralto by 8.4% in the fourth quarter. Buffington Mohr McNeal now owns 4,109 shares of the company’s stock valued at $419,000 after buying an additional 318 shares in the last quarter. Parsons Capital Management Inc. RI raised its holdings in shares of Veralto by 95.5% during the fourth quarter. Parsons Capital Management Inc. RI now owns 13,841 shares of the company’s stock worth $1,410,000 after acquiring an additional 6,762 shares during the period. KBC Group NV lifted its position in Veralto by 37.1% in the 4th quarter. KBC Group NV now owns 1,005,742 shares of the company’s stock valued at $102,435,000 after acquiring an additional 271,920 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Veralto in the 4th quarter worth $2,805,000. Finally, Blue Trust Inc. increased its holdings in Veralto by 68.4% during the 4th quarter. Blue Trust Inc. now owns 3,739 shares of the company’s stock worth $418,000 after purchasing an additional 1,519 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Up 0.1 %

Veralto stock opened at $103.43 on Wednesday. Veralto Co. has a fifty-two week low of $75.05 and a fifty-two week high of $115.00. The firm has a market capitalization of $25.58 billion, a PE ratio of 31.92, a P/E/G ratio of 4.31 and a beta of 1.06. The company’s 50-day moving average is $103.98 and its 200-day moving average is $106.21. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 0.43%. This is a boost 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 (DPR) is presently 13.58%.

Insider Buying and Selling

In other news, SVP Surekha Trivedi sold 752 shares of the business’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 transaction of $77,388.32. Following the completion of the sale, the senior vice president now owns 10,413 shares in the company, valued at $1,071,601.83. The trade was a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VLTO shares. Citigroup reduced their price objective on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Stifel Nicolaus reduced their price target on Veralto from $117.00 to $116.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada lifted their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group started coverage on shares of Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price for the company. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Veralto currently has a consensus rating of “Hold” and a consensus target price of $113.18.

About Veralto

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.