Duff & Phelps Investment Management Co. Raises Stock Holdings in Veralto Co. (NYSE:VLTO)

Duff & Phelps Investment Management Co. boosted its position in Veralto Co. (NYSE:VLTO - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,904 shares of the company's stock after purchasing an additional 7,885 shares during the period. Duff & Phelps Investment Management Co. owned 0.11% of Veralto worth $27,795,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VLTO. Savant Capital LLC increased its stake in shares of Veralto by 0.5% in the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company's stock valued at $2,055,000 after buying an additional 98 shares during the period. Brown Brothers Harriman & Co. increased its position in Veralto by 2.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company's stock valued at $431,000 after acquiring an additional 99 shares during the period. Allworth Financial LP increased its position in Veralto by 19.4% in the 4th quarter. Allworth Financial LP now owns 622 shares of the company's stock valued at $64,000 after acquiring an additional 101 shares during the period. Insigneo Advisory Services LLC raised its stake in shares of Veralto by 1.8% during the third quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company's stock valued at $645,000 after acquiring an additional 103 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of Veralto by 17.3% during the fourth quarter. Quent Capital LLC now owns 699 shares of the company's stock worth $71,000 after purchasing an additional 103 shares during the period. 91.28% of the stock is currently owned by institutional investors.

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Insider Activity

In other news, SVP Melissa Aquino sold 463 shares of the firm'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 transaction, the senior vice president now owns 20,761 shares in the company, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold a total of 21,881 shares of company stock worth $2,176,770 over the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VLTO. Stifel Nicolaus lowered their target price on Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group started coverage on Veralto in a research note on Thursday, December 12th. They issued a "buy" rating and a $125.00 price objective on the stock. Royal Bank of Canada reduced their target price on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Finally, 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. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Veralto has a consensus rating of "Hold" and an average price target of $113.50.

Veralto Stock Up 0.1 %

Shares of Veralto stock traded up $0.06 during trading on Tuesday, reaching $97.51. 203,360 shares of the company traded hands, compared to its average volume of 1,498,167. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The firm has a market capitalization of $24.14 billion, a PE ratio of 29.30, a P/E/G ratio of 4.24 and a beta of 1.11. The company has a 50 day moving average price of $99.37 and a 200-day moving average price of $103.85. Veralto Co. has a 1-year low of $85.91 and a 1-year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating 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 expect that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

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