OVERSEA CHINESE BANKING Corp Ltd Decreases Stake in Veralto Co. (NYSE:VLTO)

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in Veralto Co. (NYSE:VLTO - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 372,129 shares of the company's stock after selling 5,383 shares during the period. Veralto comprises 1.1% of OVERSEA CHINESE BANKING Corp Ltd's investment portfolio, making the stock its 20th largest position. OVERSEA CHINESE BANKING Corp Ltd owned 0.15% of Veralto worth $37,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Xponance Inc. increased its stake in Veralto by 3.2% in the 4th quarter. Xponance Inc. now owns 45,950 shares of the company's stock worth $4,680,000 after purchasing an additional 1,442 shares during the period. Generali Asset Management SPA SGR purchased a new position in Veralto in the 4th quarter worth approximately $3,172,000. William Blair Investment Management LLC increased its stake in Veralto by 24.0% in the 4th quarter. William Blair Investment Management LLC now owns 10,660 shares of the company's stock worth $1,086,000 after purchasing an additional 2,065 shares during the period. Terra Alpha Investments LLC bought a new stake in shares of Veralto in the 4th quarter worth approximately $1,867,000. Finally, Cibc World Markets Corp grew its position in shares of Veralto by 16.2% in the 4th quarter. Cibc World Markets Corp now owns 38,987 shares of the company's stock worth $3,971,000 after buying an additional 5,430 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Veralto news, SVP Melissa Aquino sold 463 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, the senior vice president now directly owns 20,761 shares of the company's stock, valued at approximately $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jennifer Honeycutt sold 10,414 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 value of $1,045,044.90. Following the completion of the transaction, the chief executive officer now owns 104,496 shares of the company's stock, valued at $10,486,173.60. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,467 shares of company stock valued at $1,150,366. 0.31% of the stock is currently owned by corporate insiders.

Veralto Stock Down 0.6 %

Shares of NYSE VLTO traded down $0.58 during mid-day trading on Friday, hitting $97.56. 2,879,745 shares of the stock traded hands, compared to its average volume of 1,415,165. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. Veralto Co. has a 52 week low of $85.91 and a 52 week high of $115.00. The company has a market cap of $24.15 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 4.24 and a beta of 1.11. The stock has a fifty day moving average price of $99.98 and a 200-day moving average price of $104.40.

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

Veralto Dividend Announcement

The business also recently announced 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 0.45%. The ex-dividend date is Monday, March 31st. Veralto's dividend payout ratio (DPR) is 13.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VLTO shares. Citigroup cut their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus cut their price objective on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada cut their price objective on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 6th. Finally, Jefferies Financial Group started coverage on Veralto in a research report on Thursday, December 12th. They issued a "buy" rating and a $125.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Veralto currently has a consensus rating of "Hold" and a consensus target price of $113.50.

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.