Veralto Corporation, VLTO, has seen a lot of action lately, with several big-name investors buying stakes, positively affecting VLTO's shares. Some of these buyers are Pinebridge Investments LP, Natixis Investment Managers International, Marlowe Partners LP, and NEOS Investment Management LLC. Additionally, solid Q1 2024 earnings have been reported. VLTO has made a favorable impression, boasting a higher ROE (Return on Equity) compared to competitors. On another positive note, the company announced a quarterly dividend, contributing to a surge in its 12-Month high. Albeit insiders selling a considerable amount of their shares, VLTO remains undeterred with ongoing acquisitions by entities like Allianz Asset Management GmbH, KBC Group NV, and Parallel Advisors LLC. However, the company's P/S ratio gives some investors pause. Despite some skepticism, Wells Fargo & Company MN bought a significant chunk of VLTO shares. The company reported solid YoY sales growth and robust free cash flow in Q4, underlining its positive future outlook. The bullish sentiment is underscored by VLTO's favorable stock forecast and price target for 2024 and buy ratings from Goldman Sachs and BMO Capital.
Veralto Corporation VLTO News Analytics from Mon, 31 Oct 2022 14:41:53 GMT to Sun, 09 Jun 2024 15:34:59 GMT -
Rating 7
- Innovation 5
- Information 7
- Rumor -1
