Veralto Co. (NYSE:VLTO) Shares Sold by Headinvest LLC

Headinvest LLC trimmed its position in Veralto Co. (NYSE:VLTO) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,104 shares of the company’s stock after selling 228 shares during the quarter. Headinvest LLC’s holdings in Veralto were worth $316,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VLTO. Assenagon Asset Management S.A. boosted its holdings in Veralto by 15.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company’s stock valued at $1,438,000 after purchasing an additional 1,889 shares in the last quarter. David Wealth Management LLC acquired a new position in shares of Veralto in the 4th quarter valued at $1,013,000. Elo Mutual Pension Insurance Co boosted its holdings in shares of Veralto by 15.5% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 25,236 shares of the company’s stock valued at $2,570,000 after buying an additional 3,392 shares in the last quarter. Figure 8 Investment Strategies LLC purchased a new position in shares of Veralto in the 4th quarter valued at $1,446,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Veralto by 4.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,967 shares of the company’s stock worth $302,000 after acquiring an additional 117 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Trading Up 0.4%

Shares of VLTO stock opened at $100.92 on Friday. The company has a market capitalization of $25.01 billion, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. 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 business’s 50 day moving average is $94.76 and its two-hundred day moving average is $99.66. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm posted $0.84 EPS. Veralto’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a $0.11 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. Veralto’s payout ratio is currently 12.57%.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now owns 8,470 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Lesley Beneteau sold 458 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $100.84, for a total transaction of $46,184.72. Following the sale, the senior vice president now owns 13,571 shares in the company, valued at $1,368,499.64. The trade was a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,073 shares of company stock valued at $6,442,018. 0.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on VLTO shares. Royal Bank of Canada upped their price objective on shares of Veralto from $103.00 to $104.00 and gave the company a “sector perform” rating in a research note on Thursday, May 1st. Robert W. Baird upped their target price on Veralto from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Stifel Nicolaus lifted their price target on Veralto from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Northcoast Research began coverage on Veralto in a research note on Tuesday, May 6th. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Citigroup lowered their target price on shares of Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Veralto presently has an average rating of “Hold” and a consensus price target of $110.09.

Veralto Profile

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.