Proficio Capital Partners LLC Invests $84,000 in Veralto Co. (NYSE:VLTO)

Proficio Capital Partners LLC acquired a new position in shares of Veralto Co. (NYSE:VLTO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 83,619 shares of the company's stock, valued at approximately $84,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. grew its position in shares of Veralto by 16.0% during the fourth quarter. Assetmark Inc. now owns 21,938 shares of the company's stock worth $2,234,000 after acquiring an additional 3,018 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Veralto by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,595,975 shares of the company's stock worth $162,550,000 after purchasing an additional 46,259 shares during the period. Steward Partners Investment Advisory LLC grew its position in Veralto by 21.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,306 shares of the company's stock worth $439,000 after purchasing an additional 761 shares during the last quarter. NBW Capital LLC increased its stake in Veralto by 455.2% in the fourth quarter. NBW Capital LLC now owns 40,371 shares of the company's stock valued at $4,112,000 after purchasing an additional 33,100 shares during the period. Finally, DJE Kapital AG purchased a new stake in shares of Veralto in the fourth quarter valued at about $292,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Analyst Ratings Changes

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

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Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the transaction, the chief executive officer now directly owns 116,637 shares in the company, valued at approximately $11,495,742.72. This represents a 8.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Surekha Trivedi sold 590 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 value of $59,206.50. Following the completion of the sale, the senior vice president now directly owns 8,470 shares in the company, valued at approximately $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,471 shares of company stock worth $2,234,030. Corporate insiders own 0.31% of the company's stock.

Veralto Price Performance

VLTO traded up $1.10 during midday trading on Wednesday, reaching $98.72. 790,839 shares of the company's stock were exchanged, compared to its average volume of 1,501,536. The business's 50-day moving average price is $99.18 and its 200 day moving average price is $103.73. The stock has a market capitalization of $24.44 billion, a PE ratio of 29.56, a P/E/G ratio of 4.24 and a beta of 1.11. Veralto Co. has a 1-year low of $85.91 and a 1-year high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69.

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, equities analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's payout ratio is 13.17%.

About Veralto

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.