Thematics Asset Management Has $12.21 Million Position in Veralto Co. (NYSE:VLTO)

Thematics Asset Management lowered its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,882 shares of the company's stock after selling 8,000 shares during the quarter. Thematics Asset Management's holdings in Veralto were worth $12,210,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in Veralto in the 4th quarter valued at $25,000. OFI Invest Asset Management acquired a new stake in shares of Veralto in the fourth quarter valued at about $26,000. BankPlus Trust Department bought a new position in shares of Veralto in the fourth quarter worth about $29,000. Albion Financial Group UT increased its stake 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 worth $36,000 after purchasing an additional 336 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Veralto during the 4th quarter worth about $42,000. Institutional investors own 91.28% of the company's stock.

Veralto Price Performance

Shares of NYSE VLTO traded up $0.36 during midday trading on Friday, reaching $92.10. 570,803 shares of the company traded hands, compared to its average volume of 1,472,507. The stock's 50-day simple moving average is $95.12 and its 200-day simple moving average is $101.21. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. Veralto Co. has a 12 month low of $83.87 and a 12 month high of $115.00. The firm has a market cap of $22.84 billion, a PE ratio of 27.58, a PEG ratio of 4.24 and a beta of 0.97.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

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 issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's payout ratio is presently 13.17%.

Analyst Ratings Changes

VLTO has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price target on Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada reduced their price target on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Finally, 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 report on Monday, April 14th. Six research 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 company has a consensus rating of "Hold" and an average price target of $111.10.

Insider Activity

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 transaction, the chief executive officer now directly owns 104,496 shares in the company, valued at approximately $10,486,173.60. This trade represents a 9.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Melissa Aquino sold 463 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, the senior vice president now owns 20,761 shares of the company's stock, valued at approximately $2,067,795.60. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,471 shares of company stock worth $2,234,030. 0.36% of the stock is owned by corporate insiders.

About Veralto

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.