Ecofi Investissements SA Sells 10,200 Shares of Veralto Co. (NYSE:VLTO)

Ecofi Investissements SA reduced its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,900 shares of the company's stock after selling 10,200 shares during the period. Veralto comprises about 3.3% of Ecofi Investissements SA's holdings, making the stock its 15th largest holding. Ecofi Investissements SA's holdings in Veralto were worth $5,369,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in VLTO. Savant Capital LLC raised its holdings in Veralto by 0.5% in the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company's stock worth $2,055,000 after acquiring an additional 98 shares during the period. Allworth Financial LP boosted its stake in Veralto by 19.4% during the 4th quarter. Allworth Financial LP now owns 622 shares of the company's stock valued at $64,000 after purchasing an additional 101 shares during the period. Quent Capital LLC grew its holdings in Veralto by 17.3% in the 4th quarter. Quent Capital LLC now owns 699 shares of the company's stock valued at $71,000 after buying an additional 103 shares during the last quarter. Raleigh Capital Management Inc. increased its position in Veralto by 35.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock worth $43,000 after buying an additional 109 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of Veralto by 2.9% in the fourth quarter. Ballentine Partners LLC now owns 4,111 shares of the company's stock valued at $419,000 after acquiring an additional 114 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Citigroup reduced their target price on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus reduced their price target on shares of Veralto from $110.00 to $102.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Veralto currently has an average rating of "Hold" and an average target price of $111.10.

Veralto Price Performance

Veralto stock traded up $1.00 during mid-day trading on Thursday, reaching $91.55. 433,052 shares of the company were exchanged, compared to its average volume of 1,479,687. The company has a fifty day simple moving average of $95.24 and a 200-day simple moving average of $101.34. The firm has a market cap of $22.71 billion, a PE ratio of 27.43, a PEG ratio of 4.24 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. 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 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, equities research analysts expect that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 0.48%. Veralto's dividend payout ratio (DPR) is 13.17%.

Insider Transactions at Veralto

In other Veralto news, SVP Melissa Aquino sold 463 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the completion of the sale, the senior vice president now directly owns 20,761 shares in the company, 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 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 transaction, the chief executive officer now owns 104,496 shares in the company, valued at $10,486,173.60. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,471 shares of company stock worth $2,234,030 over the last three months. 0.36% of the stock is owned by company insiders.

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.