99,100 Shares in Veralto Co. (NYSE:VLTO) Purchased by Sone Capital Management LLC

Sone Capital Management LLC acquired a new stake in shares of Veralto Co. (NYSE:VLTO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 99,100 shares of the company's stock, valued at approximately $10,093,000. Veralto comprises approximately 1.3% of Sone Capital Management LLC's portfolio, making the stock its 28th largest holding.

A number of other large investors have also made changes to their positions in VLTO. Vanguard Group Inc. boosted its stake in Veralto by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock worth $2,989,011,000 after buying an additional 146,234 shares during the last quarter. Amundi increased its stake in shares of Veralto by 2.3% during the 4th quarter. Amundi now owns 7,169,702 shares of the company's stock valued at $731,084,000 after acquiring an additional 158,342 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Veralto by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after acquiring an additional 733,056 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Veralto by 1.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock valued at $485,304,000 after acquiring an additional 54,795 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Veralto by 9.7% during the 4th quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock valued at $462,538,000 after acquiring an additional 401,228 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Stock Down 0.5%

NYSE:VLTO traded down $0.51 during trading hours on Friday, hitting $100.47. The stock had a trading volume of 1,065,171 shares, compared to its average volume of 1,479,162. 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 Co. has a 1-year low of $83.87 and a 1-year high of $115.00. The business has a 50 day simple moving average of $94.80 and a two-hundred day simple moving average of $99.64. The company has a market cap of $24.90 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 4.24 and a beta of 0.99.

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

Veralto Announces Dividend

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

Wall Street Analyst Weigh In

VLTO has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price objective 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. Robert W. Baird increased their target price on shares of Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Northcoast Research started coverage on shares of Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price for the company. Citigroup dropped their target price on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus increased their target price on shares of Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $110.09.

Insider Buying and Selling

In other Veralto news, SVP Melissa Aquino sold 31,689 shares of the company's 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 transaction, the senior vice president now owns 17,434 shares in the company, valued at approximately $1,633,042.78. This represents a 64.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Surekha Trivedi sold 590 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 transaction of $59,206.50. Following the completion of the transaction, the senior vice president now directly owns 8,470 shares in the company, valued at $849,964.50. This trade represents a 6.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,073 shares of company stock worth $6,442,018. Corporate insiders own 0.36% of the company's stock.

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.