Veralto Co. (NYSE:VLTO) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC decreased its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 52.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,255 shares of the company's stock after selling 3,633 shares during the period. Nebula Research & Development LLC's holdings in Veralto were worth $332,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VLTO. Norges Bank acquired a new stake in shares of Veralto in the fourth quarter worth $289,028,000. First Trust Advisors LP increased its holdings in Veralto by 222.3% in the 4th quarter. First Trust Advisors LP now owns 2,602,399 shares of the company's stock valued at $265,054,000 after purchasing an additional 1,794,992 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in Veralto in the fourth quarter valued at about $133,058,000. Nordea Investment Management AB lifted its stake in shares of Veralto by 34.6% during the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock worth $400,928,000 after purchasing an additional 1,009,170 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Veralto by 207.2% during the third quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company's stock worth $125,608,000 after purchasing an additional 757,389 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Stock Performance

Shares of VLTO opened at $95.99 on Thursday. Veralto Co. has a 52-week low of $83.87 and a 52-week high of $115.00. The firm has a market capitalization of $23.81 billion, a PE ratio of 28.74, a P/E/G ratio of 4.24 and a beta of 0.97. The firm has a 50-day moving average price of $94.76 and a 200 day moving average price of $100.68. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS. On average, sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.46%. Veralto's dividend payout ratio is currently 13.17%.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the company's 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 transaction, the chief executive officer now directly owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction dated 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 directly 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. In the last quarter, insiders have sold 22,471 shares of company stock worth $2,234,030. Company insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

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

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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