Terra Alpha Investments LLC Buys Shares of 18,327 Veralto Co. (NYSE:VLTO)

Terra Alpha Investments LLC purchased a new stake in shares of Veralto Co. (NYSE:VLTO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,327 shares of the company's stock, valued at approximately $1,867,000. Veralto accounts for approximately 1.9% of Terra Alpha Investments LLC's investment portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VLTO. OFI Invest Asset Management purchased a new stake in Veralto in the fourth quarter worth about $26,000. BankPlus Trust Department purchased a new stake in Veralto in the 4th quarter worth approximately $29,000. Albion Financial Group UT raised its stake in Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company's stock worth $36,000 after acquiring an additional 336 shares during the period. Geneos Wealth Management Inc. purchased a new position in Veralto during the fourth quarter valued at approximately $42,000. Finally, Raleigh Capital Management Inc. boosted its position in shares of Veralto by 35.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock worth $43,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 590 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 $59,206.50. Following the sale, the senior vice president now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the sale, the chief executive officer now directly owns 104,496 shares of the company's stock, valued at $10,486,173.60. This represents a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,467 shares of company stock valued at $1,150,366. Company insiders own 0.31% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on VLTO shares. Stifel Nicolaus lowered their target price on shares of Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group began coverage on Veralto in a research report on Thursday, December 12th. They issued a "buy" rating and a $125.00 price objective on the stock. Citigroup dropped their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada decreased their target price on 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $113.50.

Veralto Price Performance

Shares of Veralto stock traded down $0.58 during trading hours on Friday, reaching $97.56. The company's stock had a trading volume of 2,879,745 shares, compared to its average volume of 1,418,418. The firm has a 50 day moving average price of $100.03 and a 200-day moving average price of $104.54. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The stock has a market cap of $24.15 billion, a P/E ratio of 29.21, a P/E/G ratio of 4.24 and a beta of 1.11. Veralto Co. has a one year low of $85.91 and a one year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. On average, analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The company 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 $0.11 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. Veralto's dividend payout ratio (DPR) is presently 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.