Jump Financial LLC Purchases 86,021 Shares of Veralto Co. (NYSE:VLTO)

Jump Financial LLC boosted its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 572.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,058 shares of the company's stock after acquiring an additional 86,021 shares during the period. Jump Financial LLC's holdings in Veralto were worth $10,293,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Lafayette Investments Inc. boosted its holdings in Veralto by 18.3% in the fourth quarter. Lafayette Investments Inc. now owns 3,081 shares of the company's stock worth $314,000 after acquiring an additional 476 shares in the last quarter. Canada Post Corp Registered Pension Plan purchased a new position in Veralto in the 4th quarter worth approximately $396,000. CreativeOne Wealth LLC lifted its holdings in shares of Veralto by 4.3% during the fourth quarter. CreativeOne Wealth LLC now owns 4,219 shares of the company's stock valued at $430,000 after purchasing an additional 173 shares in the last quarter. Barclays PLC boosted its holdings in shares of Veralto by 4.8% during the 4th quarter. Barclays PLC now owns 764,026 shares of the company's stock valued at $77,815,000 after acquiring an additional 34,945 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC grew its position in Veralto by 3.0% in the 4th quarter. Reynders McVeigh Capital Management LLC now owns 294,691 shares of the company's stock worth $30,014,000 after purchasing an additional 8,572 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Trading Down 1.8 %

NYSE:VLTO traded down $1.59 during midday trading on Monday, hitting $87.95. 113,177 shares of the company traded hands, compared to its average volume of 1,483,322. The firm has a market capitalization of $21.82 billion, a P/E ratio of 26.33, a P/E/G ratio of 4.24 and a beta of 0.97. The firm's fifty day moving average is $95.86 and its 200-day moving average is $101.68. Veralto Co. has a 12-month low of $83.87 and a 12-month high of $115.00. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO - Get Free Report) last announced its 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 net margin of 16.04% and a return on equity of 49.29%. On average, sell-side analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The firm 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 $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.50%. Veralto's payout ratio is 13.17%.

Insider Buying and Selling

In other Veralto news, 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 value of $1,045,044.90. Following the sale, the chief executive officer now owns 104,496 shares in the company, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of the business's 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 sale, the senior vice president now directly owns 8,470 shares of the company's stock, valued at $849,964.50. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,471 shares of company stock valued at $2,234,030. Insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

Veralto Company 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.