National Bank of Canada FI Buys 305,855 Shares of Veralto Co. (NYSE:VLTO)

National Bank of Canada FI lifted its position in Veralto Co. (NYSE:VLTO - Free Report) by 315.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 402,805 shares of the company's stock after purchasing an additional 305,855 shares during the quarter. National Bank of Canada FI owned about 0.16% of Veralto worth $41,037,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VLTO. OFI Invest Asset Management bought a new position in shares of Veralto in the 4th quarter worth $26,000. BankPlus Trust Department purchased a new stake in Veralto during the fourth quarter valued at about $29,000. Albion Financial Group UT lifted its stake 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 purchasing an additional 336 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Veralto in the 4th quarter worth about $42,000. Finally, Erste Asset Management GmbH bought a new position in shares of Veralto during the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Stock Down 2.3 %

Veralto stock traded down $2.08 during trading hours on Monday, hitting $86.74. 656,030 shares of the stock traded hands, compared to its average volume of 1,464,110. The company has a market cap of $21.52 billion, a PE ratio of 25.97, a PEG ratio of 4.24 and a beta of 0.97. The firm's 50-day moving average price is $98.73 and its two-hundred day moving average price is $103.45. Veralto Co. has a one year low of $84.00 and a one year high of $115.00. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27.

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Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given 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 0.51%. Veralto's dividend payout ratio (DPR) is presently 13.17%.

Insider Activity

In related news, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the transaction, the senior vice president now owns 10,011 shares of the company's stock, valued at approximately $971,567.55. This trade represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Melissa Aquino sold 463 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the transaction, the senior vice president now owns 20,761 shares in the company, valued at $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,471 shares of company stock valued at $2,234,030 in the last ninety days. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VLTO shares. Citigroup dropped 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. Jefferies Financial Group assumed coverage on shares of Veralto in a research report on Thursday, December 12th. They issued a "buy" rating and a $125.00 target price on the stock. Royal Bank of Canada cut their price target on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. Finally, 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. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $113.50.

Veralto Company 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.