Capital International Inc. CA Acquires 8,451 Shares of Veralto Co. (NYSE:VLTO)

Capital International Inc. CA grew its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 32.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,442 shares of the company's stock after acquiring an additional 8,451 shares during the period. Capital International Inc. CA's holdings in Veralto were worth $3,508,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bernard Wealth Management Corp. bought a new stake in shares of Veralto in the fourth quarter valued at approximately $25,000. OFI Invest Asset Management acquired a new stake in shares of Veralto in the fourth quarter valued at approximately $26,000. BankPlus Trust Department bought a new stake in shares of Veralto during the fourth quarter worth $29,000. Albion Financial Group UT grew its position in shares of 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 buying an additional 336 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Veralto in the 4th quarter valued at $42,000. 91.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the transaction, the chief executive officer now owns 116,637 shares of the company's stock, valued at $11,495,742.72. This represents a 8.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total transaction of $57,259.50. Following the transaction, the senior vice president now owns 10,011 shares in the company, valued at approximately $971,567.55. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,471 shares of company stock valued at $2,234,030. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada reduced their price target 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. Finally, Stifel Nicolaus dropped their price objective on Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Veralto presently has an average rating of "Hold" and an average target price of $111.10.

Veralto Price Performance

VLTO stock traded up $1.17 during midday trading on Thursday, reaching $91.72. The company had a trading volume of 1,455,626 shares, compared to its average volume of 1,475,847. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. Veralto Co. has a 1-year low of $83.87 and a 1-year high of $115.00. The company has a market capitalization of $22.75 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. The stock has a 50 day moving average price of $95.24 and a 200-day moving average price of $101.34.

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

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, March 31st. Veralto's dividend payout ratio (DPR) is currently 13.17%.

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.