Dnca Finance Boosts Holdings in Veralto Co. (NYSE:VLTO)

Dnca Finance increased its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 69.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,000 shares of the company's stock after acquiring an additional 19,668 shares during the quarter. Dnca Finance's holdings in Veralto were worth $4,889,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bernard Wealth Management Corp. acquired a new position in Veralto in the fourth quarter valued at approximately $25,000. OFI Invest Asset Management purchased a new stake in Veralto during the 4th quarter worth approximately $26,000. BankPlus Trust Department acquired a new stake in Veralto during the 4th quarter worth approximately $29,000. Albion Financial Group UT boosted its position in Veralto by 2,100.0% in the 4th quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $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 fourth quarter worth $42,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 590 shares of the business'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 transaction of $59,206.50. Following the sale, the senior vice president now owns 8,470 shares of the company's stock, valued at $849,964.50. The trade was a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, 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 22,471 shares of company stock worth $2,234,030 over the last 90 days. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

VLTO has been the subject of a number of recent research reports. Royal Bank of Canada decreased their target price on Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Citigroup cut their target price 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. Finally, Stifel Nicolaus dropped their price objective on shares of Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $111.10.

Veralto Stock Performance

NYSE VLTO traded up $1.20 on Thursday, reaching $91.75. The stock had a trading volume of 433,052 shares, compared to its average volume of 1,479,714. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The stock has a market cap of $22.76 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. The business's 50-day moving average price is $95.24 and its 200 day moving average price is $101.34. Veralto Co. has a 12-month low of $83.87 and a 12-month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts expect 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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Monday, March 31st. Veralto's payout ratio is currently 13.17%.

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.