Mariner LLC Sells 15,847 Shares of Veralto Co. (NYSE:VLTO)

Mariner LLC lessened its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,077 shares of the company's stock after selling 15,847 shares during the period. Mariner LLC's holdings in Veralto were worth $4,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 acquiring an additional 98 shares during the last quarter. Allworth Financial LP increased its stake in shares of 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 purchasing an additional 101 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Veralto by 17.3% during the 4th quarter. Quent Capital LLC now owns 699 shares of the company's stock worth $71,000 after buying an additional 103 shares in the last quarter. Raleigh Capital Management Inc. lifted its position 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 buying an additional 109 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of Veralto by 2.9% during the 4th quarter. Ballentine Partners LLC now owns 4,111 shares of the company's stock worth $419,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Activity

In other news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the completion of the sale, the senior vice president now owns 10,011 shares in the company, valued at $971,567.55. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 104,496 shares in the company, valued at approximately $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. In the last three months, insiders have sold 22,471 shares of company stock valued at $2,234,030. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on VLTO shares. Stifel Nicolaus decreased their target price on Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Citigroup decreased their price target on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank of Canada dropped their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Veralto has an average rating of "Hold" and an average price target of $111.10.

Veralto Trading Down 0.1 %

Shares of NYSE:VLTO traded down $0.12 during mid-day trading on Friday, reaching $91.62. 218,998 shares of the company's stock were exchanged, compared to its average volume of 1,499,351. The firm has a market capitalization of $22.73 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 4.24 and a beta of 0.97. Veralto Co. has a twelve month low of $83.86 and a twelve month high of $115.00. The business's fifty day moving average price is $95.12 and its 200-day moving average price is $101.21. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. On average, research analysts predict that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.48%. Veralto's dividend payout ratio (DPR) is currently 13.17%.

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.