Veralto Co. (NYSE:VLTO) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 97.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,923 shares of the company's stock after selling 754,144 shares during the period. Fisher Asset Management LLC's holdings in Veralto were worth $1,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SVB Wealth LLC purchased a new stake in Veralto during the fourth quarter worth about $813,000. Private Trust Co. NA boosted its holdings in Veralto by 30.7% during the fourth quarter. Private Trust Co. NA now owns 2,847 shares of the company's stock worth $290,000 after buying an additional 668 shares in the last quarter. QRG Capital Management Inc. raised its position in Veralto by 3.5% during the fourth quarter. QRG Capital Management Inc. now owns 24,235 shares of the company's stock worth $2,468,000 after acquiring an additional 823 shares during the last quarter. Otter Creek Advisors LLC raised its position in Veralto by 27.5% during the fourth quarter. Otter Creek Advisors LLC now owns 47,183 shares of the company's stock worth $4,806,000 after acquiring an additional 10,189 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Veralto during the fourth quarter worth about $84,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VLTO. Jefferies Financial Group began coverage on shares of Veralto in a research report on Thursday, December 12th. They set a "buy" rating and a $125.00 target price for the company. Royal Bank of Canada cut their target price on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus cut their target price on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup cut their target price on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Veralto currently has an average rating of "Hold" and an average price target of $112.55.

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Insiders Place Their Bets

In other news, SVP Melissa Aquino sold 463 shares of the 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 owns 20,761 shares of the company's stock, valued at $2,067,795.60. This represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 11,467 shares of company stock valued at $1,150,366 over the last quarter. Company insiders own 0.31% of the company's stock.

Veralto Trading Up 2.3 %

Shares of NYSE:VLTO traded up $2.21 during trading on Friday, reaching $100.16. The stock had a trading volume of 1,444,812 shares, compared to its average volume of 1,460,914. The business has a fifty day moving average price of $100.69 and a 200-day moving average price of $105.34. 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 market cap of $24.79 billion, a P/E ratio of 29.99, a PEG ratio of 4.24 and a beta of 1.11. Veralto Co. has a fifty-two week low of $85.90 and a fifty-two week high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last posted 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, 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 paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, March 31st. Veralto's dividend 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.