Veralto Co. (NYSE:VLTO) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in Veralto Co. (NYSE:VLTO - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,334 shares of the company's stock after acquiring an additional 3,071 shares during the period. Cetera Investment Advisers' holdings in Veralto were worth $5,534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VLTO. Savant Capital LLC increased its stake in Veralto by 0.5% in the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company's stock valued at $2,055,000 after purchasing an additional 98 shares during the period. Allworth Financial LP increased its stake in Veralto by 19.4% in the fourth quarter. Allworth Financial LP now owns 622 shares of the company's stock valued at $64,000 after purchasing an additional 101 shares during the period. Quent Capital LLC increased its stake in Veralto by 17.3% in the fourth quarter. Quent Capital LLC now owns 699 shares of the company's stock valued at $71,000 after purchasing an additional 103 shares during the period. Raleigh Capital Management Inc. increased its stake in Veralto by 35.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock valued at $43,000 after purchasing an additional 109 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in Veralto by 1.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,405 shares of the company's stock valued at $652,000 after purchasing an additional 110 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of recent research reports. Citigroup dropped their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Northcoast Research initiated coverage on shares of Veralto in a research note on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Robert W. Baird boosted their price target on shares of Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Royal Bank of Canada boosted their price target on shares of Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $110.09.

Insiders Place Their Bets

In other news, SVP Melissa Aquino sold 31,689 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $93.67, for a total value of $2,968,308.63. Following the sale, the senior vice president now directly owns 17,434 shares in the company, valued at $1,633,042.78. This represents a 64.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,073 shares of company stock worth $6,442,018. 0.36% of the stock is owned by company insiders.

Veralto Price Performance

VLTO traded up $0.41 on Monday, hitting $102.11. 832,212 shares of the company were exchanged, compared to its average volume of 1,480,353. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The business's fifty day moving average is $94.53 and its 200 day moving average is $99.65. Veralto Co. has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The firm has a market capitalization of $25.31 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results 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. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.44 annualized dividend and a yield of 0.43%. Veralto's payout ratio is currently 12.57%.

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.