Veralto Co. (NYSE:VLTO) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp lifted its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,987 shares of the company's stock after acquiring an additional 5,430 shares during the period. Cibc World Markets Corp's holdings in Veralto were worth $3,971,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Savant Capital LLC lifted its stake in shares of Veralto by 0.5% during the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company's stock worth $2,055,000 after purchasing an additional 98 shares during the period. Brown Brothers Harriman & Co. lifted 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 worth $431,000 after buying an additional 99 shares during the period. Allworth Financial LP lifted its position in Veralto by 19.4% during the fourth quarter. Allworth Financial LP now owns 622 shares of the company's stock worth $64,000 after buying an additional 101 shares during the period. Insigneo Advisory Services LLC grew its holdings in Veralto by 1.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company's stock valued at $645,000 after buying an additional 103 shares during the period. Finally, Quent Capital LLC increased 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 valued at $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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Analyst Upgrades and Downgrades

Several research firms recently issued reports on VLTO. Royal Bank of Canada decreased their target price 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. Jefferies Financial Group started coverage on shares of Veralto in a research note on Thursday, December 12th. They set a "buy" rating and a $125.00 price objective for the company. Citigroup cut their target price 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, Stifel Nicolaus reduced their target price on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Veralto presently has a consensus rating of "Hold" and a consensus price target of $113.50.

Insider Buying and Selling

In other news, SVP Melissa Aquino sold 463 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 approximately $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction 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 owns 8,470 shares of the company's stock, valued at approximately $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 11,467 shares of company stock valued at $1,150,366 in the last quarter. Company insiders own 0.31% of the company's stock.

Veralto Stock Up 0.5 %

NYSE:VLTO traded up $0.50 during mid-day trading on Monday, hitting $98.27. The company had a trading volume of 1,093,968 shares, compared to its average volume of 1,413,880. The business has a fifty day simple moving average of $99.98 and a 200-day simple moving average of $104.35. The firm has a market capitalization of $24.33 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 4.24 and a beta of 1.11. Veralto Co. has a 1 year low of $85.91 and a 1 year high of $115.00. 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 (NYSE:VLTO - Get Free Report) last released its quarterly 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 return on equity of 49.29% and a net margin of 16.04%. Equities analysts forecast that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

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

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.