Veralto Co. (NYSE:VLTO) Shares Sold by Mariner LLC

Mariner LLC lowered its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 28.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 40,077 shares of the company's stock after selling 15,847 shares during the period. Mariner LLC's holdings in Veralto were worth $4,082,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bernard Wealth Management Corp. purchased a new stake in shares of Veralto in the 4th quarter valued at $25,000. OFI Invest Asset Management acquired a new stake in Veralto during the 4th quarter worth approximately $26,000. BankPlus Trust Department acquired a new position in shares of Veralto in the fourth quarter worth $29,000. Albion Financial Group UT raised its stake 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 valued at $36,000 after acquiring an additional 336 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in Veralto during the 4th quarter worth $42,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VLTO shares. Stifel Nicolaus lowered their price target on shares of Veralto from $110.00 to $102.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Citigroup dropped their target price on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Royal Bank of Canada cut their price target on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $111.10.

Insider Activity at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the sale, the senior vice president now directly owns 8,470 shares in the company, valued at approximately $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Melissa Aquino sold 463 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 20,761 shares of the company's stock, 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. Insiders sold 22,471 shares of company stock worth $2,234,030 over the last 90 days. Company insiders own 0.36% of the company's stock.

Veralto Stock Performance

VLTO stock traded up $1.17 during trading on Thursday, hitting $91.72. The company had a trading volume of 951,040 shares, compared to its average volume of 1,483,394. The firm has a market cap of $22.75 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. 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 firm has a 50-day moving average price of $95.24 and a 200-day moving average price of $101.34. Veralto Co. has a 1-year low of $83.87 and a 1-year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. On average, analysts expect that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.11 dividend. 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 0.48%. Veralto's dividend payout ratio is presently 13.17%.

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.