Tower Research Capital LLC TRC Has $1.41 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

Tower Research Capital LLC TRC raised its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 214.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,803 shares of the company's stock after purchasing an additional 9,412 shares during the period. Tower Research Capital LLC TRC's holdings in Veralto were worth $1,406,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Veralto by 43.8% in the third quarter. Barclays PLC now owns 729,081 shares of the company's stock worth $81,556,000 after acquiring an additional 222,076 shares in the last quarter. Virtu Financial LLC raised its position in Veralto by 301.9% in the third quarter. Virtu Financial LLC now owns 15,823 shares of the company's stock valued at $1,770,000 after purchasing an additional 11,886 shares during the period. World Investment Advisors LLC purchased a new position in Veralto in the third quarter valued at about $202,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Veralto by 48.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 28,583 shares of the company's stock worth $3,197,000 after purchasing an additional 9,382 shares in the last quarter. Finally, Cim Investment Management Inc. purchased a new stake in shares of Veralto in the third quarter worth about $469,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Stock Performance

Shares of NYSE:VLTO traded up $0.35 on Tuesday, hitting $92.42. The company's stock had a trading volume of 199,513 shares, compared to its average volume of 1,468,970. Veralto Co. has a 12 month low of $83.87 and a 12 month high of $115.00. The stock's 50-day moving average is $94.90 and its two-hundred day moving average is $100.77. 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 $22.93 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97.

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

Veralto Announces Dividend

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

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction that occurred 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 directly owns 10,011 shares in the company, valued at $971,567.55. The trade was a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Melissa Aquino sold 463 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the transaction, the senior vice president now owns 20,761 shares in the company, valued at approximately $2,067,795.60. This trade represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,471 shares of company stock worth $2,234,030 over the last ninety days. 0.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.