Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Purchases 13,887 Shares of Veralto Co. (NYSE:VLTO)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 526,018 shares of the company's stock after purchasing an additional 13,887 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.21% of Veralto worth $54,327,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Kestra Private Wealth Services LLC boosted its position in shares of Veralto by 22.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 12,281 shares of the company's stock worth $1,251,000 after buying an additional 2,271 shares during the period. Empowered Funds LLC lifted its stake in shares of Veralto by 8.7% in the fourth quarter. Empowered Funds LLC now owns 3,781 shares of the company's stock valued at $385,000 after buying an additional 303 shares during the period. Advisors Preferred LLC bought a new stake in Veralto in the 4th quarter valued at $421,000. Apollon Wealth Management LLC raised its holdings in shares of Veralto by 32.2% in the 4th quarter. Apollon Wealth Management LLC now owns 9,886 shares of the company's stock worth $1,007,000 after buying an additional 2,407 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Veralto by 39.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 77,217 shares of the company's stock worth $7,865,000 after purchasing an additional 21,939 shares in the last quarter. Institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

VLTO has been the subject of a number of research reports. Royal Bank of Canada lowered their price target on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Stifel Nicolaus reduced their price objective on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Citigroup dropped their price target on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Finally, Jefferies Financial Group began coverage on Veralto in a report on Thursday, December 12th. They set a "buy" rating and a $125.00 target price on the stock. 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, the stock has an average rating of "Hold" and an average target price of $112.55.

Veralto Price Performance

Veralto stock traded up $0.25 during midday trading on Wednesday, reaching $100.06. The company's stock had a trading volume of 1,205,977 shares, compared to its average volume of 1,437,860. The stock has a market cap of $24.75 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 4.21 and a beta of 1.06. The company has a current ratio of 1.92, a quick ratio of 1.87 and a debt-to-equity ratio of 1.27. The business has a 50-day moving average price of $102.63 and a 200-day moving average price of $106.30. Veralto Co. has a 52 week low of $81.23 and a 52 week high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. On average, sell-side analysts predict that Veralto Co. will post 3.63 EPS for the current year.

Veralto Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.11 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.44%. This is an increase from Veralto's previous quarterly dividend of $0.09. Veralto's dividend payout ratio is currently 13.17%.

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.