Veralto Co. (NYSE:VLTO) Holdings Raised by Neuberger Berman Group LLC

Neuberger Berman Group LLC boosted its position in Veralto Co. (NYSE:VLTO - Free Report) by 16.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 775,597 shares of the company's stock after purchasing an additional 112,373 shares during the quarter. Neuberger Berman Group LLC owned about 0.31% of Veralto worth $78,995,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in shares of Veralto in the fourth quarter valued at approximately $25,000. OFI Invest Asset Management purchased a new position in shares of Veralto during the 4th quarter worth $26,000. BankPlus Trust Department acquired a new stake in shares of Veralto during the fourth quarter worth $29,000. Albion Financial Group UT grew its position in shares of Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after purchasing an additional 336 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new position in Veralto in the fourth quarter valued at $42,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup decreased their price target on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday. Stifel Nicolaus lowered their target price on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Royal Bank of Canada cut 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 given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $111.90.

Insider Activity at Veralto

In other news, SVP Melissa Aquino sold 463 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the chief executive officer now owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. This trade represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,471 shares of company stock valued at $2,234,030. Insiders own 0.31% of the company's stock.

Veralto Stock Down 0.2 %

NYSE VLTO traded down $0.17 during trading hours on Tuesday, hitting $90.51. The company had a trading volume of 527,221 shares, compared to its average volume of 1,511,669. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. Veralto Co. has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The company has a market capitalization of $22.45 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 4.24 and a beta of 0.97. The firm's 50 day moving average is $96.63 and its 200 day moving average is $102.28.

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%. Sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm 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 0.49%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's payout ratio is 13.17%.

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.