Veralto Co. (NYSE:VLTO) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,535 shares of the company's stock after purchasing an additional 4,060 shares during the quarter. Janney Montgomery Scott LLC's holdings in Veralto were worth $5,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. PEAK6 Investments LLC boosted its holdings in Veralto by 246.3% during the third quarter. PEAK6 Investments LLC now owns 8,733 shares of the company's stock worth $977,000 after buying an additional 6,211 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Veralto by 34.6% in the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock valued at $400,928,000 after buying an additional 1,009,170 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Veralto by 18.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,228 shares of the company's stock worth $1,755,000 after purchasing an additional 2,676 shares during the period. Czech National Bank lifted its holdings in shares of Veralto by 6.5% during the 4th quarter. Czech National Bank now owns 53,622 shares of the company's stock worth $5,461,000 after acquiring an additional 3,284 shares during the period. Finally, Northstar Asset Management Inc. grew its position in Veralto by 22.5% during the third quarter. Northstar Asset Management Inc. now owns 78,326 shares of the company's stock valued at $8,762,000 after acquiring an additional 14,398 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 752 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the transaction, the senior vice president now directly owns 10,413 shares in the company, valued at $1,071,601.83. This represents a 6.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.31% of the company's stock.

Veralto Stock Performance

NYSE VLTO traded up $1.03 during trading on Thursday, hitting $103.88. 881,455 shares of the company's stock traded hands, compared to its average volume of 1,316,745. The business has a 50 day moving average of $103.92 and a 200-day moving average of $106.22. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 4.31 and a beta of 1.06. Veralto Co. has a 12-month low of $75.05 and a 12-month high of $115.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13.

Veralto Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Veralto's previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.42%. Veralto's dividend payout ratio is currently 13.58%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Jefferies Financial Group began coverage on shares of Veralto in a research report on Thursday, December 12th. They issued a "buy" rating and a $125.00 price objective for the company. Citigroup dropped their target price 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. Stifel Nicolaus dropped their target price on Veralto from $117.00 to $116.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, Royal Bank of Canada upped their price objective on shares of Veralto from $108.00 to $111.00 and gave the stock a "sector perform" rating in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $113.18.

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.