Choreo LLC Sells 133 Shares of Veralto Co. (NYSE:VLTO)

Choreo LLC trimmed its holdings in shares of Veralto Co. (NYSE:VLTO) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,562 shares of the company’s stock after selling 133 shares during the period. Choreo LLC’s holdings in Veralto were worth $465,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Veralto during the 3rd quarter worth about $25,000. Raleigh Capital Management Inc. raised its stake in shares of Veralto by 692.3% in the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after acquiring an additional 270 shares during the last quarter. Albion Financial Group UT lifted its position in shares of Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after purchasing an additional 336 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Veralto during the fourth quarter valued at approximately $42,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of Veralto in the third quarter valued at approximately $46,000. Institutional investors own 91.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on VLTO. Royal Bank of Canada decreased their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Citigroup decreased their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Stifel Nicolaus dropped their price objective on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on shares of Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Veralto currently has a consensus rating of “Hold” and a consensus target price of $112.55.

Veralto Stock Up 0.1 %

Shares of Veralto stock opened at $99.85 on Wednesday. The company has a market capitalization of $24.69 billion, a P/E ratio of 29.89, a price-to-earnings-growth ratio of 4.21 and a beta of 1.06. 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 business has a 50-day moving average of $102.78 and a two-hundred day moving average of $106.34. Veralto Co. has a 1 year low of $81.23 and a 1 year high of $115.00.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (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%. As a group, equities analysts predict that Veralto Co. will post 3.63 EPS for the current year.

Veralto Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio is 13.17%.

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.