Voloridge Investment Management LLC lessened its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 45.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 365,427 shares of the company's stock after selling 303,100 shares during the period. Voloridge Investment Management LLC owned 0.15% of Veralto worth $37,219,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in VLTO. Savant Capital LLC increased its stake in shares of Veralto by 0.5% during the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company's stock worth $2,055,000 after purchasing an additional 98 shares during the period. Allworth Financial LP grew its holdings in Veralto by 19.4% in the 4th 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 boosted 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 valued at $71,000 after acquiring an additional 103 shares during the period. Raleigh Capital Management Inc. boosted its position in shares of 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 acquiring an additional 109 shares during the period. Finally, Coldstream Capital Management Inc. boosted its position in shares of 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 acquiring an additional 110 shares during the period. Institutional investors own 91.28% of the company's stock.
Veralto Stock Down 1.5%
NYSE VLTO opened at $100.52 on Thursday. The business has a fifty day moving average price of $94.71 and a two-hundred day moving average price of $99.67. 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 Co. has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The stock has a market capitalization of $24.92 billion, a PE ratio of 30.10, a PEG ratio of 4.24 and a beta of 0.99.
Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts expect that Veralto Co. will post 3.66 earnings per share for the current fiscal year.
Veralto Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, June 30th. Veralto's payout ratio is 12.57%.
Insider Activity at Veralto
In other news, CEO Jennifer Honeycutt sold 10,414 shares of Veralto stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the sale, the chief executive officer now directly owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Melissa Aquino sold 31,689 shares of the firm'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 transaction of $2,968,308.63. Following the completion of the transaction, the senior vice president now owns 17,434 shares of the company's stock, valued at approximately $1,633,042.78. This trade represents a 64.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,073 shares of company stock valued at $6,442,018 in the last quarter. Insiders own 0.36% of the company's stock.
Analyst Ratings Changes
VLTO has been the subject of several analyst reports. Stifel Nicolaus lifted their price objective on shares of Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Northcoast Research began coverage on shares of Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price on the stock. Royal Bank of Canada raised their target price on shares of Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. Citigroup reduced their price target on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird increased their price target on Veralto from $105.00 to $106.00 and gave the stock a "neutral" 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. Based on data from MarketBeat.com, Veralto currently has an average rating of "Hold" and an average price target of $110.09.
View Our Latest Report on Veralto
Veralto Profile
(
Free Report)
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.
See Also
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