Veralto Co. (NYSE:VLTO) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 198,202 shares of the company's stock after selling 11,382 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Veralto worth $20,187,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in shares of Veralto during the 4th quarter worth $26,000. BankPlus Trust Department purchased a new position in Veralto during the 4th quarter valued at about $29,000. Albion Financial Group UT raised its position in Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock worth $36,000 after acquiring an additional 336 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Veralto in the fourth quarter valued at about $42,000. Finally, Raleigh Capital Management Inc. grew its position in shares of Veralto by 35.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock valued at $43,000 after purchasing an additional 109 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the completion of the sale, the chief executive officer now owns 116,637 shares of the company's stock, valued at approximately $11,495,742.72. This represents a 8.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at approximately $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,881 shares of company stock valued at $2,176,770. 0.31% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Jefferies Financial Group started coverage on Veralto in a research report on Thursday, December 12th. They set a "buy" rating and a $125.00 price objective for the company. Royal Bank of Canada cut their price target on Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a 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 research note on Thursday, February 6th. Finally, Citigroup dropped their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $113.50.

Veralto Trading Up 0.2 %

NYSE:VLTO traded up $0.16 during mid-day trading on Tuesday, reaching $97.61. The company's stock had a trading volume of 1,380,052 shares, compared to its average volume of 1,504,059. 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 stock has a market cap of $24.16 billion, a P/E ratio of 29.23, a P/E/G ratio of 4.24 and a beta of 1.11. The company's fifty day simple moving average is $99.26 and its two-hundred day simple moving average is $103.77. Veralto Co. has a twelve month low of $85.91 and a twelve month 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 predict 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. 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 annualized dividend and a dividend yield of 0.45%. Veralto's dividend payout ratio 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.