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

Telos Capital Management Inc. lowered its stake in Veralto Co. (NYSE:VLTO) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VLTO. Czech National Bank boosted its position in shares of Veralto by 20.2% during the third quarter. Czech National Bank now owns 50,338 shares of the company’s stock worth $5,631,000 after buying an additional 8,474 shares during the period. Mather Group LLC. boosted its holdings in Veralto by 55.8% during the 3rd quarter. Mather Group LLC. now owns 888 shares of the company’s stock valued at $99,000 after acquiring an additional 318 shares during the period. Brookstone Capital Management grew its position in Veralto by 8.9% in the 3rd quarter. Brookstone Capital Management now owns 3,240 shares of the company’s stock valued at $362,000 after acquiring an additional 266 shares in the last quarter. CWM LLC increased its stake in 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. Finally, Perpetual Ltd lifted its position in shares of Veralto by 8.2% during the third quarter. Perpetual Ltd now owns 89,744 shares of the company’s stock worth $10,039,000 after purchasing an additional 6,811 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Ratings Changes

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

Veralto Trading Up 0.4 %

VLTO opened at $98.87 on Friday. The business’s 50-day simple moving average is $103.10 and its 200-day simple moving average is $106.25. The company has a market cap of $24.45 billion, a P/E ratio of 30.52, a PEG ratio of 4.35 and a beta of 1.06. Veralto Co. has a one year low of $81.23 and a one year high of $115.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 15.69% and a return on equity of 52.85%. As a group, equities research analysts expect that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Increases Dividend

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