Veralto Co. (NYSE:VLTO) Shares Sold by Natixis

Natixis lowered its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,227 shares of the company's stock after selling 18,472 shares during the quarter. Natixis' holdings in Veralto were worth $11,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB increased its stake in Veralto by 34.6% during the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock worth $400,928,000 after acquiring an additional 1,009,170 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Veralto by 18.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,228 shares of the company's stock worth $1,755,000 after buying an additional 2,676 shares during the period. Czech National Bank raised its stake in shares of Veralto by 6.5% in the fourth quarter. Czech National Bank now owns 53,622 shares of the company's stock valued at $5,461,000 after acquiring an additional 3,284 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Veralto by 15.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company's stock worth $1,438,000 after acquiring an additional 1,889 shares during the last quarter. Finally, David Wealth Management LLC bought a new stake in Veralto in the fourth quarter worth about $1,013,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction on 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 in the company, valued at $849,964.50. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the business'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 sale, the chief executive officer now owns 104,496 shares in the company, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,471 shares of company stock worth $2,234,030 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Veralto Stock Up 1.3 %

Shares of NYSE:VLTO traded up $1.17 on Thursday, reaching $91.72. The company had a trading volume of 1,455,626 shares, compared to its average volume of 1,483,394. The firm has a market capitalization of $22.75 billion, a PE ratio of 27.46, a PEG ratio of 4.24 and a beta of 0.97. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. Veralto Co. has a 52-week low of $83.87 and a 52-week high of $115.00. The firm's 50 day simple moving average is $95.24 and its 200-day simple moving average is $101.34.

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

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's dividend payout ratio is presently 13.17%.

Analysts Set New Price Targets

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

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.