Capital Advisors Inc. OK Purchases 10,194 Shares of Veralto Co. (NYSE:VLTO)

Capital Advisors Inc. OK increased its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,873 shares of the company's stock after acquiring an additional 10,194 shares during the period. Capital Advisors Inc. OK owned about 0.13% of Veralto worth $33,801,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in Veralto in the 3rd quarter valued at about $25,000. Raleigh Capital Management Inc. grew its position in shares of Veralto by 692.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company's stock valued at $35,000 after acquiring an additional 270 shares during the period. Albion Financial Group UT grew its position in shares of Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after acquiring an additional 336 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of Veralto during the 4th quarter valued at approximately $42,000. Finally, Versant Capital Management Inc grew its position in shares of Veralto by 140.1% during the 4th quarter. Versant Capital Management Inc now owns 437 shares of the company's stock valued at $45,000 after acquiring an additional 255 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VLTO shares. Citigroup reduced their target price on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Stifel Nicolaus reduced their target price on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada reduced 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. Finally, 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. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $112.55.

Insider Activity

In related news, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the transaction, the senior vice president now owns 20,761 shares in the company, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.31% of the company's stock.

Veralto Price Performance

NYSE:VLTO traded down $1.71 during trading hours on Friday, hitting $98.04. The stock had a trading volume of 974,491 shares, compared to its average volume of 1,436,270. The company has a 50 day simple moving average of $102.37 and a two-hundred day simple moving average of $106.21. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.87. Veralto Co. has a one year low of $83.34 and a one year high of $115.00. The firm has a market capitalization of $24.25 billion, a price-to-earnings ratio of 29.35, a P/E/G ratio of 4.21 and a beta of 1.06.

Veralto (NYSE:VLTO - Get Free Report) 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 16.04% and a return on equity of 49.29%. Research analysts forecast that Veralto Co. will post 3.63 earnings per share for the current fiscal year.

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. This is a boost from Veralto's previous quarterly dividend of $0.09. Veralto's dividend payout ratio (DPR) is 13.17%.

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.