Corient Private Wealth LLC Grows Holdings in Veralto Co. (NYSE:VLTO)

Corient Private Wealth LLC increased its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 18.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,551 shares of the company's stock after buying an additional 20,798 shares during the period. Corient Private Wealth LLC owned about 0.06% of Veralto worth $13,908,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VLTO. Nordea Investment Management AB raised its stake in Veralto by 34.6% in the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock valued at $400,928,000 after purchasing an additional 1,009,170 shares during the last quarter. State Street Corp raised its stake in Veralto by 9.8% in the 3rd quarter. State Street Corp now owns 9,599,499 shares of the company's stock valued at $1,074,654,000 after purchasing an additional 860,608 shares during the last quarter. Principal Financial Group Inc. raised its stake in Veralto by 207.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company's stock valued at $125,608,000 after purchasing an additional 757,389 shares during the last quarter. Geode Capital Management LLC raised its stake in Veralto by 10.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company's stock valued at $654,232,000 after purchasing an additional 558,393 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Veralto during the 4th quarter valued at about $51,986,000. Institutional investors and hedge funds own 91.28% of the company's stock.

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Analyst Upgrades and Downgrades

VLTO has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price objective on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group initiated 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 dropped their price objective on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada dropped their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Veralto currently has an average rating of "Hold" and a consensus target price of $113.50.

Veralto Trading Down 0.6 %

Shares of NYSE:VLTO traded down $0.58 during trading on Friday, reaching $97.56. 2,879,745 shares of the stock were exchanged, compared to its average volume of 1,415,165. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. Veralto Co. has a 12-month low of $85.91 and a 12-month high of $115.00. The firm has a market cap of $24.15 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11. The firm's 50-day moving average price is $99.98 and its 200 day moving average price is $104.40.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. On average, sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently declared 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 0.45%. The ex-dividend date is Monday, March 31st. Veralto's dividend payout ratio is presently 13.17%.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 owns 8,470 shares in the company, valued at $849,964.50. This represents a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Melissa Aquino sold 463 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the completion of the transaction, the senior vice president now owns 20,761 shares of the company's stock, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,467 shares of company stock worth $1,150,366 in the last 90 days. 0.31% of the stock is owned by company insiders.

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.