Barclays PLC Purchases 34,945 Shares of Veralto Co. (NYSE:VLTO)

Barclays PLC boosted its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 764,026 shares of the company's stock after buying an additional 34,945 shares during the period. Barclays PLC owned approximately 0.31% of Veralto worth $77,815,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Virtu Financial LLC boosted its stake in Veralto by 301.9% in the 3rd quarter. Virtu Financial LLC now owns 15,823 shares of the company's stock worth $1,770,000 after purchasing an additional 11,886 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Veralto during the third quarter valued at approximately $202,000. Wilmington Savings Fund Society FSB raised its holdings in Veralto by 48.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 28,583 shares of the company's stock worth $3,197,000 after acquiring an additional 9,382 shares during the last quarter. Cim Investment Management Inc. bought a new position in Veralto in the 3rd quarter valued at approximately $469,000. Finally, Tidal Investments LLC boosted its stake in Veralto by 12.5% during the 3rd quarter. Tidal Investments LLC now owns 16,534 shares of the company's stock valued at $1,849,000 after purchasing an additional 1,832 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Citigroup lowered their price target on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada lowered their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 6th. Finally, Stifel Nicolaus decreased 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. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Veralto presently has an average rating of "Hold" and an average price target of $111.10.

Veralto Trading Up 1.5 %

Veralto stock traded up $1.32 during midday trading on Tuesday, reaching $88.52. The stock had a trading volume of 147,065 shares, compared to its average volume of 1,496,609. The firm has a market cap of $21.96 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. The company has a fifty day moving average of $95.61 and a 200 day moving average of $101.50. Veralto Co. has a 52-week low of $83.86 and a 52-week high of $115.00. 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 released its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping 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 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 will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Monday, March 31st. Veralto's dividend payout ratio is presently 13.17%.

Insider Activity at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Surekha Trivedi sold 590 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 transaction of $59,206.50. Following the completion of the sale, the senior vice president now directly owns 8,470 shares of the company's stock, valued at $849,964.50. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,471 shares of company stock worth $2,234,030. Company insiders own 0.36% of the company's stock.

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.