Summit Trail Advisors LLC Acquires 329 Shares of Veralto Co. (NYSE:VLTO)

Summit Trail Advisors LLC increased its holdings in shares of Veralto Co. (NYSE:VLTO) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,655 shares of the company’s stock after acquiring an additional 329 shares during the quarter. Summit Trail Advisors LLC’s holdings in Veralto were worth $271,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of VLTO. CWM LLC increased its holdings in shares of Veralto by 5.9% during the third quarter. CWM LLC now owns 6,138 shares of the company’s stock worth $687,000 after purchasing an additional 343 shares during the period. Creative Planning increased its stake in Veralto by 2.9% during the 3rd quarter. Creative Planning now owns 26,186 shares of the company’s stock worth $2,929,000 after acquiring an additional 726 shares during the period. Sumitomo Life Insurance Co. bought a new position in Veralto during the 3rd quarter worth $1,085,000. Vontobel Holding Ltd. raised its holdings in Veralto by 1.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 525,660 shares of the company’s stock valued at $58,800,000 after acquiring an additional 6,096 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Veralto during the 3rd quarter valued at $996,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Stock Performance

NYSE VLTO opened at $100.06 on Thursday. The firm’s fifty day moving average price is $102.63 and its two-hundred day moving average price is $106.30. The stock has a market cap of $24.75 billion, a PE ratio of 29.96, a PEG ratio of 4.21 and a beta of 1.06. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.87 and a current ratio of 1.92. Veralto Co. has a fifty-two week low of $81.23 and a fifty-two week high of $115.00.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share 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%. On average, equities analysts expect that Veralto Co. will post 3.63 EPS for the current fiscal 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 issued a $0.11 dividend. 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 positive change from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio (DPR) is 13.17%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. 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 target on the stock. Royal Bank of Canada dropped their target price on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus reduced their price target on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup decreased their price objective 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. Six equities 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, the stock currently has a consensus rating of “Hold” and an average target price of $112.55.

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.