DF Dent & Co. Inc. Purchases 168,346 Shares of Veralto Co. (NYSE:VLTO)

DF Dent & Co. Inc. grew its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,680,980 shares of the company's stock after buying an additional 168,346 shares during the period. Veralto accounts for about 2.2% of DF Dent & Co. Inc.'s investment portfolio, making the stock its 16th biggest holding. DF Dent & Co. Inc. owned 0.68% of Veralto worth $171,208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Townsquare Capital LLC grew its position in Veralto by 113.4% in the 3rd quarter. Townsquare Capital LLC now owns 4,754 shares of the company's stock valued at $532,000 after buying an additional 2,526 shares in the last quarter. Glenmede Trust Co. NA increased its stake in shares of Veralto by 8.5% during the third quarter. Glenmede Trust Co. NA now owns 5,947 shares of the company's stock valued at $665,000 after acquiring an additional 465 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Veralto by 119.6% during the third quarter. Public Sector Pension Investment Board now owns 10,834 shares of the company's stock valued at $1,212,000 after acquiring an additional 5,900 shares during the period. Erste Asset Management GmbH bought a new stake in Veralto during the third quarter worth approximately $46,000. Finally, Chevy Chase Trust Holdings LLC lifted its position in Veralto by 10.7% in the third quarter. Chevy Chase Trust Holdings LLC now owns 141,923 shares of the company's stock worth $15,876,000 after purchasing an additional 13,749 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction that occurred 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 transaction, the senior vice president now owns 8,470 shares of the company's stock, valued at $849,964.50. This trade represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 104,496 shares of the company's stock, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,471 shares of company stock valued at $2,234,030 in the last three months. Corporate insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank of Canada dropped 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 dropped their price target on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Jefferies Financial Group initiated coverage on shares of Veralto in a research report on Thursday, December 12th. They set a "buy" rating and a $125.00 price objective for the company. Finally, Stifel Nicolaus dropped their target price on shares of Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Veralto currently has a consensus rating of "Hold" and an average price target of $113.50.

Veralto Stock Up 0.6 %

Shares of Veralto stock traded up $0.50 during midday trading on Tuesday, hitting $87.61. The company's stock had a trading volume of 268,202 shares, compared to its average volume of 1,497,243. The firm has a market capitalization of $21.73 billion, a P/E ratio of 26.23, a PEG ratio of 4.24 and a beta of 0.97. Veralto Co. has a 1-year low of $84.00 and a 1-year high of $115.00. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The stock has a 50-day simple moving average of $98.41 and a 200-day simple moving average of $103.29.

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, beating 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%. As a group, sell-side analysts expect that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.11 per share. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.50%. Veralto's payout ratio is 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.