Veralto Co. (NYSE:VLTO) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,541,367 shares of the company's stock after buying an additional 401,228 shares during the period. Invesco Ltd. owned about 1.84% of Veralto worth $462,538,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Savant Capital LLC lifted its holdings in Veralto by 0.5% during the 4th 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 in the last quarter. Allworth Financial LP grew its stake in Veralto by 19.4% in the fourth quarter. Allworth Financial LP now owns 622 shares of the company's stock worth $64,000 after purchasing an additional 101 shares in the last quarter. Quent Capital LLC increased its holdings in Veralto by 17.3% during the 4th 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. Raleigh Capital Management Inc. raised its position in Veralto by 35.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock valued at $43,000 after purchasing an additional 109 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of Veralto by 2.9% during the fourth quarter. Ballentine Partners LLC now owns 4,111 shares of the company's stock valued at $419,000 after buying an additional 114 shares during the period. Institutional investors own 91.28% of the company's stock.

Veralto Stock Up 1.1 %

Shares of VLTO traded up $0.98 during midday trading on Monday, hitting $90.60. 195,553 shares of the company's stock traded hands, compared to its average volume of 1,511,518. Veralto Co. has a 1 year low of $83.87 and a 1 year high of $115.00. The firm's fifty day moving average is $96.73 and its 200-day moving average is $102.42. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $22.47 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97.

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 the consensus estimate 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, sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

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 issued a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.49%. Veralto's dividend payout ratio is currently 13.17%.

Insider Transactions at Veralto

In other news, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 104,496 shares in the company, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Melissa Aquino sold 463 shares of the company's stock in a transaction that occurred 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 in the company, 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. Over the last ninety days, insiders sold 22,471 shares of company stock worth $2,234,030. Company insiders own 0.31% of the company's stock.

Analyst Ratings Changes

VLTO has been the subject of a number of research reports. Stifel Nicolaus lowered their price objective on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Citigroup cut their price objective 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. Finally, Royal Bank of Canada lowered 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. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Veralto has a consensus rating of "Hold" and an average target price of $113.50.

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.