Banco Bilbao Vizcaya Argentaria S.A. Sells 3,124 Shares of Veralto Co. (NYSE:VLTO)

Banco Bilbao Vizcaya Argentaria S.A. cut its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,083 shares of the company's stock after selling 3,124 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Veralto were worth $2,777,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VLTO. Barclays PLC increased its holdings in Veralto by 43.8% during the 3rd quarter. Barclays PLC now owns 729,081 shares of the company's stock valued at $81,556,000 after purchasing an additional 222,076 shares in the last quarter. Virtu Financial LLC increased its stake in shares of Veralto by 301.9% in the third quarter. Virtu Financial LLC now owns 15,823 shares of the company's stock valued at $1,770,000 after buying an additional 11,886 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Veralto in the third quarter valued at about $202,000. Wilmington Savings Fund Society FSB raised its holdings in shares of Veralto by 48.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 28,583 shares of the company's stock valued at $3,197,000 after buying an additional 9,382 shares during the last quarter. Finally, Cim Investment Management Inc. acquired a new position in Veralto during the 3rd quarter worth about $469,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Transactions at Veralto

In related news, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction that occurred 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. This trade represents a 2.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction that occurred 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 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. Insiders sold 22,471 shares of company stock valued at $2,234,030 over the last quarter. Corporate insiders own 0.36% of the company's stock.

Veralto Trading Up 0.7 %

Shares of NYSE VLTO opened at $92.40 on Friday. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00. The stock has a market cap of $22.92 billion, a price-to-earnings ratio of 27.66, a P/E/G 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. The company's fifty day moving average is $95.01 and its 200-day moving average is $100.99.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The business also recently declared 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. 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 dividend payout ratio (DPR) is presently 13.17%.

Analyst Ratings Changes

VLTO has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their target price on shares of Veralto from $110.00 to $102.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Citigroup decreased their price objective on 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 Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Veralto has an average rating of "Hold" and a consensus price target of $111.10.

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.

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