Blueshift Asset Management LLC Invests $428,000 in Veralto Co. (NYSE:VLTO)

Blueshift Asset Management LLC acquired a new stake in shares of Veralto Co. (NYSE:VLTO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,198 shares of the company's stock, valued at approximately $428,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Savant Capital LLC increased its position in shares of Veralto by 0.5% during the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company's stock valued at $2,055,000 after purchasing an additional 98 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Veralto by 2.6% during the third quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company's stock valued at $431,000 after buying an additional 99 shares during the period. Allworth Financial LP increased its holdings in Veralto by 19.4% during the fourth quarter. Allworth Financial LP now owns 622 shares of the company's stock valued at $64,000 after buying an additional 101 shares during the last quarter. Insigneo Advisory Services LLC raised its position in Veralto by 1.8% in the third quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company's stock worth $645,000 after acquiring an additional 103 shares during the period. Finally, Quent Capital LLC boosted its stake in shares of Veralto by 17.3% during the 4th quarter. Quent Capital LLC now owns 699 shares of the company's stock worth $71,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

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Veralto Price Performance

VLTO stock traded down $0.52 during midday trading on Tuesday, hitting $97.74. The company's stock had a trading volume of 1,201,945 shares, compared to its average volume of 1,413,474. 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 $85.91 and a 12 month high of $115.00. The company has a 50 day moving average of $99.93 and a two-hundred day moving average of $104.27. The firm has a market capitalization of $24.20 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11.

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

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. Veralto's payout ratio is currently 13.17%.

Insider Activity

In other Veralto news, 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 transaction, the chief executive officer now owns 104,496 shares in the company, valued at $10,486,173.60. The trade was a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Melissa Aquino sold 463 shares of the firm'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 completion of the sale, the senior vice president now owns 20,761 shares of the company's stock, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,467 shares of company stock worth $1,150,366. 0.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Stifel Nicolaus reduced their price objective on Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada decreased their price objective 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. Citigroup lowered their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Finally, Jefferies Financial Group assumed coverage on shares of Veralto in a report on Thursday, December 12th. They issued a "buy" rating and a $125.00 target price for the company. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $113.50.

Veralto 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.