Rockefeller Capital Management L.P. Cuts Holdings in Veralto Co. (NYSE:VLTO)

Rockefeller Capital Management L.P. trimmed its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,584 shares of the company's stock after selling 8,707 shares during the period. Rockefeller Capital Management L.P. owned about 0.08% of Veralto worth $20,530,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new position in shares of Veralto in the fourth quarter worth $25,000. OFI Invest Asset Management purchased a new position in shares of Veralto in the fourth quarter valued at about $26,000. BankPlus Trust Department purchased a new position in shares of Veralto in the fourth quarter valued at about $29,000. Albion Financial Group UT raised its stake in shares of Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after acquiring an additional 336 shares during the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Veralto during the fourth quarter worth about $42,000. 91.28% of the stock is currently owned by institutional investors.

Insider Activity at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the transaction, the chief executive officer now owns 116,637 shares in the company, valued at $11,495,742.72. The trade was a 8.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Surekha Trivedi sold 590 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the sale, the senior vice president now directly owns 8,470 shares in the company, valued at $849,964.50. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,471 shares of company stock valued at $2,234,030 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

Veralto Price Performance

NYSE VLTO traded up $0.26 on Friday, reaching $89.59. The company had a trading volume of 1,691,548 shares, compared to its average volume of 1,488,770. The firm's 50 day moving average price is $95.86 and its 200 day moving average price is $101.68. Veralto Co. has a 12 month low of $83.87 and a 12 month high of $115.00. The stock has a market capitalization of $22.22 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. 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 earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. As a group, equities analysts predict that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's dividend payout ratio is presently 13.17%.

Analyst Ratings Changes

A number of brokerages recently commented on VLTO. Stifel Nicolaus decreased their target price on Veralto from $110.00 to $102.00 and set a "buy" rating for the company in a report on Wednesday. Citigroup cut their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada dropped their target price 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 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.