Keybank National Association OH Sells 5,253 Shares of Veralto Co. (NYSE:VLTO)

Keybank National Association OH decreased its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,687 shares of the company's stock after selling 5,253 shares during the period. Keybank National Association OH's holdings in Veralto were worth $4,450,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of VLTO. Nordea Investment Management AB lifted its position in shares of Veralto by 34.6% during the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock worth $400,928,000 after purchasing an additional 1,009,170 shares during the last quarter. State Street Corp increased its stake in shares of Veralto by 9.8% during the third quarter. State Street Corp now owns 9,599,499 shares of the company's stock valued at $1,074,654,000 after acquiring an additional 860,608 shares during the period. Principal Financial Group Inc. increased its stake in shares of Veralto by 207.2% during the third quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company's stock valued at $125,608,000 after acquiring an additional 757,389 shares during the period. Geode Capital Management LLC grew its position in Veralto by 10.5% in the third quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company's stock worth $654,232,000 after buying an additional 558,393 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Veralto by 628.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 579,261 shares of the company's stock worth $58,998,000 after buying an additional 499,735 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

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Insider Buying and Selling

In other news, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction dated 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 transaction, the senior vice president now owns 20,761 shares of the company's stock, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of Veralto stock in a transaction dated Tuesday, February 25th. The stock was 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 of the company's stock, valued at $10,486,173.60. The trade was a 9.06 % 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 worth $1,150,366 over the last ninety days. Company insiders own 0.31% of the company's stock.

Veralto Trading Up 2.3 %

VLTO stock traded up $2.21 during midday trading on Friday, reaching $100.16. The company's stock had a trading volume of 1,444,812 shares, compared to its average volume of 1,460,914. The business's 50-day simple moving average is $100.69 and its 200-day simple moving average is $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 PE ratio of 29.99, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11. Veralto Co. has a 52 week low of $85.90 and a 52 week high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last posted its 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 net margin of 16.04% and a return on equity of 49.29%. As a group, sell-side analysts expect that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 dividend yield of 0.44%. Veralto's payout ratio is 13.17%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VLTO. 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 target on the stock. Stifel Nicolaus decreased their target price 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 reduced their price objective on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada dropped 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. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $112.55.

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.