Mar Vista Investment Partners LLC Buys 22,883 Shares of Veralto Co. (NYSE:VLTO)

Mar Vista Investment Partners LLC raised its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 10.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 248,635 shares of the company's stock after purchasing an additional 22,883 shares during the period. Veralto accounts for about 1.7% of Mar Vista Investment Partners LLC's investment portfolio, making the stock its 29th biggest holding. Mar Vista Investment Partners LLC owned approximately 0.10% of Veralto worth $25,323,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VLTO. Bernard Wealth Management Corp. bought a new stake in Veralto during the fourth quarter valued at about $25,000. OFI Invest Asset Management purchased a new stake in shares of Veralto during the fourth quarter worth about $26,000. BankPlus Trust Department bought a new stake in Veralto during the 4th quarter valued at approximately $29,000. Albion Financial Group UT lifted its holdings in Veralto by 2,100.0% in the 4th quarter. Albion Financial Group UT now owns 352 shares of the company's stock worth $36,000 after purchasing an additional 336 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in Veralto in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on VLTO. Citigroup lowered their target price on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus decreased their price target 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 cut their price objective on Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $111.10.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 590 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total transaction of $57,259.50. Following the transaction, the senior vice president now owns 10,011 shares of the company's stock, valued at approximately $971,567.55. This represents a 5.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the completion of the sale, the chief executive officer now directly owns 116,637 shares of the company's stock, valued at approximately $11,495,742.72. This trade represents a 8.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,471 shares of company stock worth $2,234,030. Insiders own 0.36% of the company's stock.

Veralto Trading Down 1.3 %

VLTO stock traded down $1.19 during mid-day trading on Monday, reaching $91.12. 382,849 shares of the stock traded hands, compared to its average volume of 1,470,855. Veralto Co. has a one year low of $83.87 and a one year high of $115.00. The stock has a market capitalization of $22.60 billion, a PE ratio of 27.25, a PEG ratio of 4.24 and a beta of 0.97. 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 business has a 50-day moving average price of $95.01 and a two-hundred day moving average price of $100.91.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping 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%. Equities research analysts expect that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.48%. Veralto's payout ratio is 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.