Banco Bilbao Vizcaya Argentaria S.A. Sells 3,124 Shares of Veralto Co. (NYSE:VLTO)

Banco Bilbao Vizcaya Argentaria S.A. reduced its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,083 shares of the company's stock after selling 3,124 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Veralto were worth $2,777,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bernard Wealth Management Corp. bought a new stake in Veralto during the 4th quarter worth $25,000. OFI Invest Asset Management acquired a new position in shares of Veralto in the fourth quarter valued at approximately $26,000. BankPlus Trust Department bought a new position in Veralto in the 4th quarter valued at approximately $29,000. Albion Financial Group UT boosted its position in Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company's stock worth $36,000 after buying an additional 336 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in Veralto during the 4th quarter worth approximately $42,000. Institutional investors own 91.28% of the company's stock.

Analysts Set New Price Targets

VLTO has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on Veralto from $110.00 to $102.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada lowered their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Finally, Citigroup dropped 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Veralto currently has a consensus rating of "Hold" and a consensus target price of $111.10.

Veralto Stock Up 3.1 %

Shares of NYSE VLTO traded up $2.90 during mid-day trading on Wednesday, reaching $95.99. 3,141,141 shares of the company's stock traded hands, compared to its average volume of 1,480,774. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The business has a 50-day simple moving average of $94.80 and a 200 day simple moving average of $100.71. The stock has a market cap of $23.81 billion, a P/E ratio of 28.74, a PEG ratio of 4.24 and a beta of 0.97. Veralto Co. has a 1-year low of $83.87 and a 1-year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $0.84 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts expect that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's dividend payout ratio is 13.17%.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the company'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 $1,045,044.90. Following the completion of the transaction, the chief executive officer now owns 104,496 shares in the company, valued at $10,486,173.60. This represents a 9.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the sale, the senior vice president now directly owns 10,011 shares of the company's stock, valued at approximately $971,567.55. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,471 shares of company stock worth $2,234,030 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

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.