CoreCommodity Management LLC Purchases 15,876 Shares of Veralto Co. (NYSE:VLTO)

CoreCommodity Management LLC grew its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 67.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,570 shares of the company's stock after purchasing an additional 15,876 shares during the period. Veralto comprises 0.8% of CoreCommodity Management LLC's portfolio, making the stock its 19th largest holding. CoreCommodity Management LLC's holdings in Veralto were worth $4,030,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Savant Capital LLC raised its holdings in shares of Veralto by 0.5% during the 4th 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 in the last quarter. Allworth Financial LP raised its holdings in Veralto by 19.4% during the fourth quarter. Allworth Financial LP now owns 622 shares of the company's stock valued at $64,000 after buying an additional 101 shares in the last quarter. Quent Capital LLC lifted its position in shares of Veralto by 17.3% in the fourth quarter. Quent Capital LLC now owns 699 shares of the company's stock worth $71,000 after buying an additional 103 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Veralto by 35.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock worth $43,000 after acquiring an additional 109 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in shares of Veralto by 1.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 6,405 shares of the company's stock valued at $652,000 after acquiring an additional 110 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the business'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 value of $1,045,044.90. Following the completion of the transaction, the chief executive officer now directly owns 104,496 shares in the company, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Melissa Aquino sold 31,689 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $93.67, for a total transaction of $2,968,308.63. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 64,578 shares of company stock worth $6,192,048. 0.36% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VLTO. Northcoast Research initiated coverage on shares of Veralto in a report on Tuesday. They set a "buy" rating and a $110.00 price target for the company. Stifel Nicolaus raised their target price on Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Robert W. Baird upped their price target on Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Citigroup lowered 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. Finally, Royal Bank of Canada upped their target price 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. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Veralto has an average rating of "Hold" and a consensus price target of $110.09.

Veralto Trading Down 0.2 %

Shares of VLTO stock traded down $0.21 on Friday, reaching $97.07. 1,428,033 shares of the stock were exchanged, compared to its average volume of 1,485,754. The stock has a 50 day moving average price of $94.22 and a 200 day moving average price of $99.86. The stock has a market cap of $24.06 billion, a PE ratio of 29.06, a P/E/G ratio of 4.24 and a beta of 0.99. Veralto Co. has a one year low of $83.87 and a one year high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm earned $0.84 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts forecast that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. Veralto's dividend payout ratio (DPR) is presently 12.57%.

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.