Ameriprise Financial Inc. Purchases 3,495 Shares of Veralto Co. (NYSE:VLTO)

Ameriprise Financial Inc. lifted its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,976 shares of the company's stock after purchasing an additional 3,495 shares during the period. Ameriprise Financial Inc. owned 0.07% of Veralto worth $17,617,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Barclays PLC lifted its position in shares of Veralto by 43.8% in the third quarter. Barclays PLC now owns 729,081 shares of the company's stock worth $81,556,000 after buying an additional 222,076 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Veralto by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,448,648 shares of the company's stock worth $273,906,000 after purchasing an additional 314,412 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Veralto by 15.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company's stock worth $1,438,000 after purchasing an additional 1,889 shares during the period. Park Avenue Securities LLC grew its holdings in Veralto by 18.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,228 shares of the company's stock valued at $1,755,000 after purchasing an additional 2,676 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Veralto by 57.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,962 shares of the company's stock valued at $302,000 after purchasing an additional 1,084 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Veralto Stock Performance

VLTO stock traded down $0.19 during trading on Thursday, reaching $100.30. 163,674 shares of the stock were exchanged, compared to its average volume of 1,474,893. Veralto Co. has a twelve month low of $83.87 and a twelve 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 company has a market capitalization of $24.86 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99. The stock has a 50 day simple moving average of $94.71 and a 200-day simple moving average of $99.67.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. Veralto had a return on equity of 49.29% and a net margin of 16.04%. Veralto's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. As a group, sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. Veralto's dividend payout ratio is currently 12.57%.

Insider Buying and Selling at Veralto

In related news, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the transaction, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. This trade represents a 6.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the completion of the sale, the chief executive officer now directly owns 104,496 shares in the company, valued at approximately $10,486,173.60. This represents a 9.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,073 shares of company stock valued at $6,442,018 in the last 90 days. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Veralto Company 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.