CenterBook Partners LP raised its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 82.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,512 shares of the company's stock after purchasing an additional 7,896 shares during the quarter. CenterBook Partners LP's holdings in Veralto were worth $1,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased 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 Veralto during the fourth quarter worth about $26,000. BankPlus Trust Department purchased a new stake in Veralto in the fourth quarter valued at approximately $29,000. Albion Financial Group UT increased its holdings in 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 purchasing an additional 336 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new position in Veralto in the fourth quarter valued at approximately $42,000. 91.28% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 116,637 shares of the company's stock, valued at $11,495,742.72. This trade represents a 8.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of the transaction, the senior vice president now directly owns 8,470 shares in the company, valued at $849,964.50. This trade represents a 6.51 % 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 over the last ninety days. 0.31% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. Stifel Nicolaus cut their target price on shares of Veralto from $110.00 to $102.00 and set a "buy" rating for the company in a research report on Wednesday. Citigroup cut their target price on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, 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 note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $111.10.
Check Out Our Latest Report on Veralto
Veralto Price Performance
VLTO traded up $0.26 on Wednesday, reaching $90.32. The company had a trading volume of 543,208 shares, compared to its average volume of 1,508,153. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. Veralto Co. has a one year low of $83.87 and a one year high of $115.00. The company has a market capitalization of $22.40 billion, a P/E ratio of 27.04, a PEG ratio of 4.24 and a beta of 0.97. The company has a fifty day moving average of $96.46 and a 200-day moving average of $102.19.
Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.04% and a return on equity of 49.29%. As a group, equities research analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current year.
Veralto Announces Dividend
The business also recently announced 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. 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 0.49%. Veralto's dividend payout ratio (DPR) is currently 13.17%.
About Veralto
(
Free Report)
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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