Price T Rowe Associates Inc. MD Sells 108,692 Shares of Veralto Co. (NYSE:VLTO)

Price T Rowe Associates Inc. MD lowered its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,067,103 shares of the company's stock after selling 108,692 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.43% of Veralto worth $108,685,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VLTO. Savant Capital LLC increased its holdings in shares of Veralto by 0.5% during the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company's stock worth $2,055,000 after purchasing an additional 98 shares during the period. Allworth Financial LP grew its position in Veralto by 19.4% during the fourth quarter. Allworth Financial LP now owns 622 shares of the company's stock worth $64,000 after buying an additional 101 shares in the last quarter. Quent Capital LLC increased its stake 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 period. Raleigh Capital Management Inc. raised its holdings in Veralto by 35.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock valued at $43,000 after acquiring an additional 109 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of Veralto by 2.9% in the 4th quarter. Ballentine Partners LLC now owns 4,111 shares of the company's stock worth $419,000 after acquiring an additional 114 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VLTO has been the subject of a number of recent research reports. Citigroup cut their target price on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus dropped 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. Finally, Royal Bank of Canada decreased their target price on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Veralto currently has a consensus rating of "Hold" and an average price target of $111.10.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Melissa Aquino sold 463 shares of the business's 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 of the company's stock, valued at $2,067,795.60. This trade represents a 2.18 % 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 in the last 90 days. Corporate insiders own 0.36% of the company's stock.

Veralto Price Performance

Shares of Veralto stock opened at $92.40 on Monday. The stock has a market capitalization of $22.92 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 4.24 and a beta of 0.97. The firm's 50-day moving average price is $95.01 and its two-hundred day moving average price is $100.91. 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 1-year low of $83.87 and a 1-year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly 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 return on equity of 49.29% and a net margin of 16.04%. On average, equities analysts predict that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 dividend on an annualized basis and a dividend yield of 0.48%. Veralto's dividend payout ratio is 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.

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