Lbp Am Sa Acquires New Shares in Veralto Co. (NYSE:VLTO)

LBP AM SA purchased a new position in Veralto Co. (NYSE:VLTO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 155,269 shares of the company's stock, valued at approximately $15,814,000. LBP AM SA owned approximately 0.06% of Veralto as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Veralto during the third quarter worth $25,000. OFI Invest Asset Management purchased a new stake in Veralto in the 4th quarter worth $26,000. BankPlus Trust Department bought a new position in shares of Veralto during the 4th quarter valued at about $29,000. Albion Financial Group UT grew its position in shares of Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after purchasing an additional 336 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Veralto in the fourth quarter worth about $42,000. 91.28% of the stock is owned by institutional investors.

Insider Transactions at Veralto

In other news, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the transaction, the chief executive officer now directly owns 104,496 shares in the company, valued at approximately $10,486,173.60. This represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $46,114.80. Following the sale, the senior vice president now owns 20,761 shares of the company's stock, valued at $2,067,795.60. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,467 shares of company stock worth $1,150,366. 0.31% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Royal Bank of Canada decreased their target price on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus decreased their price objective on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Citigroup lowered their target price on Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Finally, Jefferies Financial Group started 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. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $113.50.

Veralto Trading Up 0.0 %

VLTO traded up $0.02 during trading on Tuesday, reaching $98.47. The company had a trading volume of 1,315,759 shares, compared to its average volume of 1,424,263. 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 business has a 50 day simple moving average of $100.22 and a 200-day simple moving average of $104.72. The stock has a market cap of $24.38 billion, a P/E ratio of 29.48, a PEG ratio of 4.24 and a beta of 1.11. Veralto Co. has a 52 week low of $85.91 and a 52 week high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (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%. On average, equities analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid 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 0.45%. Veralto's dividend payout ratio is 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.