Capital Advisors Inc. OK Grows Stake in Veralto Co. (NYSE:VLTO)

Capital Advisors Inc. OK grew its position in Veralto Co. (NYSE:VLTO - Free Report) by 641.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 118,067 shares of the company's stock after buying an additional 102,133 shares during the period. Capital Advisors Inc. OK's holdings in Veralto were worth $9,712,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in VLTO. Louisiana State Employees Retirement System acquired a new stake in shares of Veralto during the fourth quarter worth $1,086,000. Northstar Asset Management LLC acquired a new stake in shares of Veralto during the fourth quarter worth $943,000. Crestwood Advisors Group LLC acquired a new stake in shares of Veralto during the fourth quarter worth $6,087,000. Simplicity Solutions LLC acquired a new stake in shares of Veralto during the fourth quarter worth $427,000. Finally, Graypoint LLC acquired a new stake in shares of Veralto during the fourth quarter worth $377,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Veralto news, insider Mattias Bystrom sold 500 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.10, for a total transaction of $43,050.00. Following the transaction, the insider now owns 30,310 shares of the company's stock, valued at $2,609,691. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.31% of the stock is currently owned by corporate insiders.

Veralto Trading Down 0.0 %

Shares of Veralto stock traded down $0.04 during trading on Friday, reaching $87.37. The stock had a trading volume of 1,299,009 shares, compared to its average volume of 1,695,091. The company has a market cap of $21.57 billion and a P/E ratio of 24.41. The business's fifty day simple moving average is $86.68. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $90.69. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 1.89.

Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.07. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The business's revenue was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Veralto Co. will post 3.26 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 0.41%. Veralto's payout ratio is presently 10.06%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VLTO. Citigroup lifted their price objective on Veralto from $89.00 to $94.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on Veralto in a research note on Wednesday, January 10th. They issued a "hold" rating and a $79.00 target price for the company. Argus began coverage on Veralto in a research note on Tuesday, January 9th. They issued a "buy" rating and a $90.00 target price for the company. Royal Bank of Canada boosted their target price on Veralto from $78.00 to $91.00 and gave the company a "sector perform" rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets began coverage on Veralto in a research note on Tuesday, February 27th. They issued an "outperform" rating and a $97.00 target price for the company. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $92.00.

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.