Veralto Co. reported higher-than-expected earnings and revenue, despite a hedge fund reducing its stake.

Hedge fund Chesley Taft & Associates LLC reduced its holdings in Veralto Co. (NYSE:VLTO) by selling 202 shares in the fourth quarter, bringing its total to 3,585 shares. Veralto reported a 4.7% rise in revenue to $1.31 billion and earnings per share of $0.89, exceeding analyst estimates. The company will pay a quarterly dividend of $0.11 per share on January 31st. Various analysts have given mixed ratings and price targets for Veralto, with an average rating of "Hold" and a target price of $113.27.

2 months ago
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