Veralto Co. (NYSE:VLTO) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. trimmed its holdings in Veralto Co. (NYSE:VLTO) by 17.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,200 shares of the company’s stock after selling 450 shares during the quarter. Telos Capital Management Inc.’s holdings in Veralto were worth $224,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VLTO. Ashton Thomas Securities LLC acquired a new position in Veralto in the 3rd quarter valued at $25,000. Raleigh Capital Management Inc. boosted its holdings in shares of 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 acquiring an additional 270 shares in the last quarter. Albion Financial Group UT increased its stake 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 acquiring an additional 336 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Veralto in the fourth quarter valued at about $42,000. Finally, Erste Asset Management GmbH purchased a new stake in Veralto in the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analysts Set New Price Targets

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

Veralto Stock Up 0.4 %

Shares of NYSE VLTO opened at $98.87 on Friday. The firm’s 50-day moving average is $103.10 and its two-hundred day moving average is $106.25. The company has a market capitalization of $24.45 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 4.35 and a beta of 1.06. Veralto Co. has a 12-month low of $81.23 and a 12-month high of $115.00. 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 (NYSE:VLTO) last announced its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 52.85% and a net margin of 15.69%. Equities analysts anticipate that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Tuesday, December 31st. This is a boost from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio (DPR) is currently 13.58%.

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.