Veralto Corporation (VLTO) has seen varying actions from multiple investment firms.
Envestnet and
SG Americas Securities acquired new shares, whereas Swiss National Bank and Aristotle Capital decided to sell theirs. The stock entered an
oversold territory, but substantial investments from companies such as
Capstone Investment Advisors,
First Trust Direct Indexing LP and
Quantbot Technologies LP proved promising. In their Q1 2024 earnings call, the firm reported a solid start since their spin-off, aligning with analyst projections. Additionally, they announced a quarterly dividend. However, insider selling was noted, potentially signalling potential weakness. Debt seemed to be used responsibly within the company, and their reported sales growth and robust cash flow from Q4 were encouraging. They are planning to reject a mini-tender offer from
TRC Capital Investment Corporation. Opinions on the firm floated between moderate buy to a good bet after the spinoff, which was well received in the market. The company joined the
S&P 500, seeing its relative strength rating increase to 83. Their Full Year 2023 earnings report exceeded expectations.
Veralto Corporation VLTO News Analytics from Wed, 08 Feb 2023 08:00:00 GMT to Sun, 14 Jul 2024 19:37:37 GMT -
Rating -2
- Innovation 5
- Information 8
- Rumor 4
