Williams Jones Wealth Management LLC. Has $12.58 Million Holdings in Veralto Co. (NYSE:VLTO)

Williams Jones Wealth Management LLC. grew its position in Veralto Co. (NYSE:VLTO - Free Report) by 32.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 123,502 shares of the company's stock after purchasing an additional 30,499 shares during the period. Williams Jones Wealth Management LLC.'s holdings in Veralto were worth $12,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bernard Wealth Management Corp. bought a new position in shares of Veralto in the fourth quarter valued at approximately $25,000. OFI Invest Asset Management bought a new position in shares of Veralto in the fourth quarter valued at approximately $26,000. BankPlus Trust Department bought a new position in shares of Veralto in the fourth quarter valued at approximately $29,000. Albion Financial Group UT boosted its holdings in shares of Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after acquiring an additional 336 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in shares of Veralto in the fourth quarter valued at approximately $42,000. Institutional investors own 91.28% of the company's stock.

Insider Buying and Selling at Veralto

In other news, SVP Surekha Trivedi sold 590 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. This represents a 6.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the transaction, the chief executive officer now owns 116,637 shares in the company, valued at approximately $11,495,742.72. This trade represents a 8.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,073 shares of company stock worth $6,442,018. 0.36% of the stock is currently owned by company insiders.

Veralto Trading Down 0.5%

Shares of NYSE:VLTO traded down $0.51 during mid-day trading on Friday, hitting $100.47. The stock had a trading volume of 1,065,171 shares, compared to its average volume of 1,477,603. 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 company has a market cap of $24.90 billion, a PE ratio of 30.08, a P/E/G ratio of 4.24 and a beta of 0.99. Veralto Co. has a 12-month low of $83.87 and a 12-month high of $115.00. The company's 50 day moving average is $94.80 and its 200-day moving average is $99.61.

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

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.44%. Veralto's dividend payout ratio (DPR) is presently 12.57%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VLTO shares. Robert W. Baird increased their price objective on shares of Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Northcoast Research started coverage on shares of Veralto in a report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective for the company. Royal Bank of Canada increased their price objective on shares of Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Citigroup cut their target price on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus increased their target price 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. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $110.09.

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.