Machina Capital S.A.S. Has $725,000 Stock Holdings in Veralto Co. (NYSE:VLTO)

Machina Capital S.A.S. reduced its stake in Veralto Co. (NYSE:VLTO - Free Report) by 62.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,116 shares of the company's stock after selling 11,982 shares during the quarter. Machina Capital S.A.S.'s holdings in Veralto were worth $725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VLTO. Ashton Thomas Securities LLC acquired a new stake in Veralto in the 3rd quarter valued at approximately $25,000. BankPlus Trust Department acquired a new stake in shares of Veralto in the fourth quarter valued at approximately $29,000. Albion Financial Group UT lifted its position in shares of Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock worth $36,000 after purchasing an additional 336 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in Veralto in the fourth quarter valued at $42,000. Finally, Raleigh Capital Management Inc. increased its stake in Veralto by 35.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock valued at $43,000 after buying an additional 109 shares during the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of recent research reports. Royal Bank of Canada lowered 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. Citigroup dropped their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group initiated coverage on shares of Veralto in a research report on Thursday, December 12th. They set a "buy" rating and a $125.00 price target on the stock. Finally, Stifel Nicolaus decreased their price objective on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $112.55.

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Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the company'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 $59,206.50. Following the completion of the transaction, the senior vice president now owns 8,470 shares of the company's stock, valued at $849,964.50. This represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the firm's 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 completion of the transaction, the chief executive officer now owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. This trade represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,467 shares of company stock valued at $1,150,366 over the last quarter. 0.31% of the stock is owned by company insiders.

Veralto Stock Performance

Veralto stock traded down $1.58 during midday trading on Wednesday, hitting $95.41. The company's stock had a trading volume of 1,317,431 shares, compared to its average volume of 1,473,028. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The company has a market cap of $23.62 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 4.24 and a beta of 1.11. Veralto Co. has a 1-year low of $85.90 and a 1-year high of $115.00. The company has a 50-day moving average price of $100.56 and a two-hundred day moving average price of $105.13.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates 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 predict 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. Investors of record on Monday, March 31st will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's dividend payout ratio (DPR) is presently 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.