Veralto Co. (NYSE:VLTO) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,067,103 shares of the company's stock after selling 108,692 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.43% of Veralto worth $108,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VLTO. Dark Forest Capital Management LP raised its holdings in Veralto by 6.3% in the 4th quarter. Dark Forest Capital Management LP now owns 3,766 shares of the company's stock valued at $384,000 after buying an additional 222 shares during the period. Hsbc Holdings PLC increased its position in shares of Veralto by 10.4% during the fourth quarter. Hsbc Holdings PLC now owns 1,145,311 shares of the company's stock valued at $116,627,000 after acquiring an additional 108,098 shares during the last quarter. J. Safra Sarasin Holding AG raised its stake in shares of Veralto by 70.9% in the 4th quarter. J. Safra Sarasin Holding AG now owns 60,318 shares of the company's stock valued at $6,143,000 after acquiring an additional 25,021 shares during the period. Stifel Financial Corp lifted its holdings in shares of Veralto by 1.0% in the 4th quarter. Stifel Financial Corp now owns 126,859 shares of the company's stock worth $12,921,000 after acquiring an additional 1,276 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in shares of Veralto by 5.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 5,022 shares of the company's stock worth $511,000 after purchasing an additional 237 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,418 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $95.00, for a total transaction of $989,710.00. Following the transaction, the chief executive officer now directly owns 106,219 shares in the company, valued at approximately $10,090,805. This trade represents a 8.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Surekha Trivedi sold 590 shares of Veralto 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 completion of the transaction, the senior vice president now directly owns 8,470 shares in the company, valued at $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,889 shares of company stock valued at $3,223,740 in the last ninety days. Insiders own 0.36% of the company's stock.

Veralto Stock Up 1.5 %

Shares of Veralto stock traded up $1.37 during trading on Friday, hitting $95.58. 675,234 shares of the stock were exchanged, compared to its average volume of 1,481,106. The stock has a market cap of $23.71 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. The firm's 50-day moving average price is $94.64 and its 200 day moving average price is $100.55. 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 12-month low of $83.87 and a 12-month high of $115.00.

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

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 31st. Veralto's payout ratio is 13.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VLTO. Robert W. Baird boosted their target price on Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research report on Thursday. Citigroup cut their price objective on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada raised their target price on Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a report on Thursday. Finally, Stifel Nicolaus boosted their price target on shares of Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $110.10.

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.