2024-04-09 05:02:41 ET
Summary
- Veralto, the water and product quality business spun off from Danaher, has seen its shares trade in a $65-$90 range since the fall.
- The business focuses on water quality (60%) and product quality and innovation (40%).
- The company has reported solid fourth quarter results and a decent 2024 outlook, leading to a re-rating of its shares, with no immediate appeal seen here.
Shares of Veralto ( VLTO ) have been as a separate entity since the fall. The water and product quality business which has been spun off from Danaher ( DHR ) has seen shares trade in a $65-$90 range ever since, with shares now trending towards the higher end of the range....
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For further details see:
Veralto: A Solid Start Since The Spin-Off