Capital International Investors Sells 5,916 Shares of Veralto Co. (NYSE:VLTO)

Capital International Investors decreased its position in Veralto Co. (NYSE:VLTO - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,029,536 shares of the company's stock after selling 5,916 shares during the quarter. Capital International Investors owned about 1.22% of Veralto worth $308,576,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VLTO. Barclays PLC boosted its position in shares of Veralto by 43.8% during the 3rd quarter. Barclays PLC now owns 729,081 shares of the company's stock valued at $81,556,000 after purchasing an additional 222,076 shares in the last quarter. Virtu Financial LLC grew its position in Veralto by 301.9% in the third quarter. Virtu Financial LLC now owns 15,823 shares of the company's stock worth $1,770,000 after buying an additional 11,886 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Veralto during the 3rd quarter valued at $202,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Veralto by 48.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 28,583 shares of the company's stock worth $3,197,000 after acquiring an additional 9,382 shares in the last quarter. Finally, Cim Investment Management Inc. acquired a new position in shares of Veralto in the 3rd quarter worth $469,000. Institutional investors own 91.28% of the company's stock.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total value of $57,259.50. Following the completion of the sale, the senior vice president now owns 10,011 shares in the company, valued at approximately $971,567.55. This trade represents a 5.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Melissa Aquino sold 463 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, the senior vice president now owns 20,761 shares in the company, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,471 shares of company stock valued at $2,234,030 in the last three months. Company insiders own 0.36% of the company's stock.

Veralto Stock Up 1.2 %

Veralto stock traded up $1.11 during mid-day trading on Thursday, hitting $91.66. 330,895 shares of the company's stock were exchanged, compared to its average volume of 1,478,998. Veralto Co. has a 1-year low of $83.87 and a 1-year high of $115.00. The stock has a 50 day moving average of $95.24 and a two-hundred day moving average of $101.34. The stock has a market cap of $22.74 billion, a P/E ratio of 27.44, a P/E/G ratio of 4.24 and a beta of 0.97. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27.

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

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, March 31st. Veralto's dividend payout ratio (DPR) is currently 13.17%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VLTO shares. Citigroup decreased their price target on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus reduced their target price on Veralto from $110.00 to $102.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Royal Bank of Canada reduced their price objective on Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Veralto currently has an average rating of "Hold" and a consensus target price of $111.10.

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.