Northwest & Ethical Investments L.P. Decreases Stake in Veralto Co. (NYSE:VLTO)

Northwest & Ethical Investments L.P. reduced its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 198,630 shares of the company's stock after selling 4,910 shares during the quarter. Northwest & Ethical Investments L.P. owned approximately 0.08% of Veralto worth $20,230,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Savant Capital LLC increased its position in Veralto by 0.5% during the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company's stock valued at $2,055,000 after purchasing an additional 98 shares during the period. Brown Brothers Harriman & Co. raised its stake in Veralto by 2.6% during the third quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company's stock worth $431,000 after buying an additional 99 shares during the last quarter. Allworth Financial LP lifted its holdings in Veralto by 19.4% in the fourth quarter. Allworth Financial LP now owns 622 shares of the company's stock valued at $64,000 after buying an additional 101 shares during the period. Insigneo Advisory Services LLC boosted its position in Veralto by 1.8% during the third quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company's stock valued at $645,000 after acquiring an additional 103 shares during the last quarter. Finally, Quent Capital LLC boosted its position in Veralto by 17.3% during the fourth quarter. Quent Capital LLC now owns 699 shares of the company's stock valued at $71,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

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Insider Activity

In related news, SVP Surekha Trivedi sold 590 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 $59,206.50. Following the transaction, the senior vice president now directly owns 8,470 shares of the company's stock, valued at approximately $849,964.50. The trade was a 6.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the sale, the chief executive officer now owns 104,496 shares of the company's stock, valued at $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 a total of 11,467 shares of company stock valued at $1,150,366 over the last three months. Corporate insiders own 0.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VLTO. Stifel Nicolaus dropped 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. Citigroup dropped their price target on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada reduced their price objective 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, Jefferies Financial Group initiated coverage on shares of Veralto in a report on Thursday, December 12th. They issued a "buy" rating and a $125.00 price target for the company. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Veralto currently has an average rating of "Hold" and a consensus target price of $113.50.

Veralto Stock Up 0.5 %

Veralto stock traded up $0.50 during trading on Monday, hitting $98.27. 1,093,968 shares of the company were exchanged, compared to its average volume of 1,413,880. The company has a market capitalization of $24.33 billion, a P/E ratio of 29.42, a PEG ratio of 4.24 and a beta of 1.11. The business's 50 day moving average is $99.93 and its 200 day moving average is $104.27. Veralto Co. has a 52 week low of $85.91 and a 52 week 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.

Veralto (NYSE:VLTO - Get Free Report) last posted 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%. Analysts predict that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. Veralto's 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.