BI Asset Management Fondsmaeglerselskab A S Has $1.17 Million Stake in Veralto Co. (NYSE:VLTO)

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 31.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,520 shares of the company's stock after selling 5,290 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Veralto were worth $1,173,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VLTO. Barclays PLC boosted its holdings in shares of Veralto by 43.8% during the third quarter. Barclays PLC now owns 729,081 shares of the company's stock worth $81,556,000 after purchasing an additional 222,076 shares during the period. Virtu Financial LLC boosted its stake in shares of Veralto by 301.9% during the 3rd 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 during the period. World Investment Advisors LLC purchased a new position in shares of Veralto during the 3rd quarter valued at $202,000. Wilmington Savings Fund Society FSB increased its stake 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 worth $3,197,000 after acquiring an additional 9,382 shares during the last quarter. Finally, Cim Investment Management Inc. acquired a new position in shares of Veralto in the third quarter worth $469,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Trading Up 2.1 %

Shares of VLTO stock opened at $89.04 on Wednesday. The business's 50 day moving average is $95.39 and its two-hundred day moving average is $101.42. 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 Co. has a 12 month low of $83.87 and a 12 month high of $115.00. The company has a market cap of $22.09 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97.

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

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's dividend payout ratio (DPR) is currently 13.17%.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the sale, the senior vice president now directly owns 10,011 shares in the company, valued at $971,567.55. This trade represents a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Melissa Aquino sold 463 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the transaction, the senior vice president now owns 20,761 shares in the company, 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. Insiders have sold a total of 22,471 shares of company stock valued at $2,234,030 in the last three months. Company insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VLTO. Royal Bank of Canada lowered 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. Stifel Nicolaus lowered their price target on Veralto from $110.00 to $102.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, 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. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently 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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