SageView Advisory Group LLC Makes New Investment in Veralto Co. (NYSE:VLTO)

SageView Advisory Group LLC acquired a new position in Veralto Co. (NYSE:VLTO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,108 shares of the company's stock, valued at approximately $317,000.

A number of other institutional investors also recently made changes to their positions in the business. Nordea Investment Management AB increased its holdings in shares of Veralto by 34.6% in the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock worth $400,928,000 after buying an additional 1,009,170 shares during the period. Park Avenue Securities LLC lifted its position in Veralto by 18.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,228 shares of the company's stock valued at $1,755,000 after purchasing an additional 2,676 shares during the last quarter. Czech National Bank boosted its stake in shares of Veralto by 6.5% during the fourth quarter. Czech National Bank now owns 53,622 shares of the company's stock valued at $5,461,000 after purchasing an additional 3,284 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Veralto by 15.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company's stock worth $1,438,000 after purchasing an additional 1,889 shares during the last quarter. Finally, David Wealth Management LLC bought a new stake in Veralto during the 4th quarter valued at $1,013,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their price objective on shares of Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Citigroup reduced their price target on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada decreased their price target 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $111.10.

Veralto Stock Down 1.5 %

Shares of VLTO traded down $1.34 during mid-day trading on Monday, reaching $88.21. The company had a trading volume of 81,191 shares, compared to its average volume of 1,483,172. Veralto Co. has a 52 week low of $83.87 and a 52 week high of $115.00. 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 capitalization of $21.88 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. The firm has a 50-day moving average price of $95.86 and a 200 day moving average price of $101.68.

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

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's payout ratio is presently 13.17%.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total transaction of $57,259.50. Following the completion of the sale, the senior vice president now directly owns 10,011 shares of the company's stock, valued at approximately $971,567.55. This represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of Veralto 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 owns 104,496 shares in the company, valued at $10,486,173.60. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,471 shares of company stock worth $2,234,030 over the last three months. 0.36% of the stock is currently owned by company insiders.

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.