Corient Private Wealth LLC Buys 20,798 Shares of Veralto Co. (NYSE:VLTO)

Corient Private Wealth LLC increased its stake in Veralto Co. (NYSE:VLTO) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 136,551 shares of the company’s stock after purchasing an additional 20,798 shares during the quarter. Corient Private Wealth LLC owned approximately 0.06% of Veralto worth $13,908,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management bought a new position in Veralto in the 4th quarter worth $26,000. BankPlus Trust Department bought a new stake in Veralto during the fourth quarter valued at about $29,000. Albion Financial Group UT raised its holdings in Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after acquiring an additional 336 shares during the period. Geneos Wealth Management Inc. bought a new stake in Veralto during the fourth quarter valued at about $42,000. Finally, Erste Asset Management GmbH bought a new stake in Veralto during the third quarter valued at about $46,000. 91.28% of the stock is owned by institutional investors.

Veralto Trading Up 0.9 %

VLTO opened at $99.29 on Thursday. The firm has a market cap of $24.58 billion, a P/E ratio of 29.73, a P/E/G ratio of 4.24 and a beta of 1.11. Veralto Co. has a 12 month low of $85.91 and a 12 month high of $115.00. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The stock has a 50-day moving average of $100.11 and a 200 day moving average of $104.59.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. As a group, research analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.44%. Veralto’s dividend payout ratio is currently 13.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank of Canada decreased their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Citigroup decreased their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Stifel Nicolaus decreased their price target on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Jefferies Financial Group assumed coverage on Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective for the company. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $113.50.

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of the transaction, the senior vice president now owns 8,470 shares in the company, valued at approximately $849,964.50. This trade represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Melissa Aquino sold 463 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $2,067,795.60. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,467 shares of company stock worth $1,150,366. Corporate insiders own 0.31% of the company’s stock.

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.