Veralto Co. (NYSE:VLTO) Position Raised by Defender Capital LLC.

Defender Capital LLC. lifted its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 24.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,973 shares of the company's stock after purchasing an additional 28,098 shares during the quarter. Veralto comprises 5.4% of Defender Capital LLC.'s investment portfolio, making the stock its 9th biggest holding. Defender Capital LLC. owned approximately 0.06% of Veralto worth $14,664,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Veralto during the third quarter valued at $25,000. Raleigh Capital Management Inc. raised its stake in Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company's stock valued at $35,000 after buying an additional 270 shares during the last quarter. Albion Financial Group UT raised its stake in Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after buying an additional 336 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in Veralto during the fourth quarter valued at $42,000. Finally, Versant Capital Management Inc raised its stake in Veralto by 140.1% during the fourth quarter. Versant Capital Management Inc now owns 437 shares of the company's stock valued at $45,000 after buying an additional 255 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Stock Performance

Shares of VLTO traded up $1.08 during trading hours on Thursday, hitting $103.93. The stock had a trading volume of 266,554 shares, compared to its average volume of 1,283,523. The stock has a fifty day moving average price of $103.92 and a 200 day moving average price of $106.22. Veralto Co. has a 12 month low of $75.05 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. The firm has a market capitalization of $25.70 billion, a PE ratio of 32.06, a PEG ratio of 4.31 and a beta of 1.06.

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Veralto's previous quarterly dividend of $0.09. Veralto's payout ratio is currently 13.58%.

Analyst Ratings Changes

A number of research analysts have issued reports on VLTO shares. Citigroup lowered their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Stifel Nicolaus decreased their price target on Veralto from $117.00 to $116.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Jefferies Financial Group assumed coverage on Veralto in a research note on Thursday, December 12th. They issued a "buy" rating and a $125.00 price target for the company. Finally, Royal Bank of Canada boosted their price target on Veralto from $108.00 to $111.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $113.18.

Insider Buying and Selling at Veralto

In other news, SVP Surekha Trivedi sold 752 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the transaction, the senior vice president now owns 10,413 shares of the company's stock, valued at $1,071,601.83. This represents a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

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.