Veralto Co. (NYSE:VLTO) Shares Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. boosted its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 35.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,067 shares of the company's stock after purchasing an additional 8,100 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in Veralto were worth $3,164,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mar Vista Investment Partners LLC boosted its holdings in shares of Veralto by 10.1% in the 4th quarter. Mar Vista Investment Partners LLC now owns 248,635 shares of the company's stock valued at $25,323,000 after buying an additional 22,883 shares during the period. Dark Forest Capital Management LP grew its holdings in shares of Veralto by 6.3% during the fourth quarter. Dark Forest Capital Management LP now owns 3,766 shares of the company's stock valued at $384,000 after purchasing an additional 222 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Veralto by 10.4% during the 4th quarter. Hsbc Holdings PLC now owns 1,145,311 shares of the company's stock worth $116,627,000 after purchasing an additional 108,098 shares during the period. J. Safra Sarasin Holding AG lifted its holdings 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 worth $6,143,000 after purchasing an additional 25,021 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in Veralto by 1.0% during the 4th quarter. Stifel Financial Corp now owns 126,859 shares of the company's stock valued at $12,921,000 after purchasing an additional 1,276 shares during the period. Institutional investors own 91.28% of the company's stock.

Analysts Set New Price Targets

VLTO has been the topic of several analyst reports. Stifel Nicolaus dropped 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 reduced 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, Royal Bank of Canada dropped their price target on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $111.10.

Insider Buying and Selling

In other news, SVP Surekha Trivedi sold 590 shares of the business'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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Melissa Aquino sold 463 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the sale, the senior vice president now owns 20,761 shares of the company's stock, 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 have sold 22,471 shares of company stock worth $2,234,030 in the last three months. 0.36% of the stock is currently owned by insiders.

Veralto Trading Up 1.1 %

Shares of VLTO stock opened at $93.06 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The stock has a 50-day simple moving average of $94.80 and a 200 day simple moving average of $100.71. Veralto Co. has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The stock has a market capitalization of $23.08 billion, a P/E ratio of 27.86, a P/E/G ratio of 4.24 and a beta of 0.97.

Veralto (NYSE:VLTO - Get Free Report) last announced 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. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The business's revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's dividend payout ratio is presently 13.17%.

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.

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