Veralto Co. (NYSE:VLTO) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. lessened its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,959 shares of the company's stock after selling 31,399 shares during the period. Pinebridge Investments L.P.'s holdings in Veralto were worth $10,894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Veralto by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock worth $2,989,011,000 after purchasing an additional 146,234 shares during the last quarter. Amundi boosted its holdings in Veralto by 2.3% in the fourth quarter. Amundi now owns 7,169,702 shares of the company's stock valued at $731,084,000 after purchasing an additional 158,342 shares during the period. Geode Capital Management LLC increased its stake in shares of Veralto by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock worth $670,781,000 after buying an additional 733,056 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Veralto by 1.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock valued at $485,304,000 after purchasing an additional 54,795 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Veralto by 9.7% during the 4th quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock worth $462,538,000 after buying an additional 401,228 shares during the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the completion of the transaction, the senior vice president now directly owns 10,011 shares of the company's stock, valued at $971,567.55. This represents a 5.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction dated 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 in the company, valued at approximately $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. Over the last quarter, insiders sold 22,471 shares of company stock valued at $2,234,030. Insiders own 0.36% of the company's stock.

Veralto Price Performance

VLTO traded up $0.66 on Friday, hitting $92.40. 1,418,303 shares of the company were exchanged, compared to its average volume of 1,475,130. The business's fifty day moving average is $95.01 and its 200 day moving average is $100.99. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. The firm has a market capitalization of $22.92 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. Veralto Co. has a fifty-two week low of $83.87 and a fifty-two week high of $115.00.

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, 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%. As a group, sell-side analysts anticipate that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

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. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.48%. Veralto's dividend payout ratio (DPR) is presently 13.17%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup cut their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. 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 research note on Thursday, February 6th. Finally, Stifel Nicolaus decreased their price objective on shares of Veralto from $110.00 to $102.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $111.10.

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.