Brown Lisle Cummings Inc. Sells 188 Shares of Veralto Co. (NYSE:VLTO)

Brown Lisle Cummings Inc. cut its stake in shares of Veralto Co. (NYSE:VLTO) by 40.4% during the 4th quarter, Holdings Channel reports. The fund owned 277 shares of the company’s stock after selling 188 shares during the period. Brown Lisle Cummings Inc.’s holdings in Veralto were worth $28,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in shares of Veralto in the 3rd quarter worth $25,000. Raleigh Capital Management Inc. raised its holdings in Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after buying an additional 270 shares during the last quarter. Albion Financial Group UT lifted its stake in shares of Veralto by 2,100.0% in 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 in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Veralto during the fourth quarter valued at about $42,000. Finally, Versant Capital Management Inc raised its holdings in shares of Veralto by 140.1% in the 4th quarter. Versant Capital Management Inc now owns 437 shares of the company’s stock worth $45,000 after acquiring an additional 255 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Price Performance

Shares of NYSE:VLTO opened at $101.09 on Wednesday. The company has a market capitalization of $25.00 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 4.35 and a beta of 1.06. The company’s 50-day moving average is $103.67 and its 200 day moving average is $106.36. 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 Co. has a fifty-two week low of $75.05 and a fifty-two week high of $115.00.

Veralto (NYSE:VLTO) last released 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 15.69% and a return on equity of 52.85%. On average, equities research analysts forecast that Veralto Co. will post 3.48 earnings per share for the current year.

Veralto Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.11 dividend. This is an increase from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, December 31st. Veralto’s dividend payout ratio (DPR) is currently 13.58%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VLTO shares. Royal Bank of Canada lifted their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Jefferies Financial Group initiated coverage on Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price on the stock. Citigroup lowered their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Finally, Stifel Nicolaus cut their price objective on shares of Veralto from $117.00 to $116.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $113.18.

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.