Veralto Co. (NYSE:VLTO) Shares Bought by Geneva Capital Management LLC

Geneva Capital Management LLC lifted its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 51.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,111 shares of the company's stock after purchasing an additional 4,108 shares during the period. Geneva Capital Management LLC's holdings in Veralto were worth $1,234,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of VLTO. Raymond James Financial Inc. purchased a new stake in Veralto during the 4th quarter valued at about $51,986,000. Cullen Frost Bankers Inc. grew its stake in Veralto by 9.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 4,465 shares of the company's stock valued at $455,000 after acquiring an additional 400 shares in the last quarter. Arizona State Retirement System grew its stake in Veralto by 1.5% during the 4th quarter. Arizona State Retirement System now owns 71,772 shares of the company's stock valued at $7,310,000 after acquiring an additional 1,051 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Veralto by 15.9% during the 4th quarter. Verdence Capital Advisors LLC now owns 11,442 shares of the company's stock valued at $1,165,000 after acquiring an additional 1,568 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in Veralto during the 4th quarter valued at about $244,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Trading Up 2.3 %

Shares of VLTO stock traded up $2.21 during trading hours on Friday, hitting $100.16. The company had a trading volume of 1,444,812 shares, compared to its average volume of 1,460,914. The company's fifty day moving average is $100.69 and its 200 day moving average is $105.34. 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 fifty-two week low of $85.90 and a fifty-two week high of $115.00. The stock has a market capitalization of $24.79 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11.

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

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. Veralto's dividend payout ratio (DPR) is presently 13.17%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction that occurred on 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 directly owns 104,496 shares in the company, valued at $10,486,173.60. This represents a 9.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Surekha Trivedi sold 590 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 in the company, valued at approximately $849,964.50. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,467 shares of company stock worth $1,150,366 in the last ninety days. 0.31% of the stock is owned by corporate insiders.

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.