Veralto Co. (NYSE:VLTO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 465,603 shares of the company's stock after selling 39,881 shares during the period. Rhumbline Advisers owned about 0.19% of Veralto worth $47,422,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VLTO. Ashton Thomas Securities LLC bought a new position in Veralto during the 3rd quarter worth approximately $25,000. Raleigh Capital Management Inc. lifted its holdings in shares of Veralto by 692.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company's stock worth $35,000 after purchasing an additional 270 shares during the last quarter. Albion Financial Group UT lifted its holdings in shares of Veralto by 2,100.0% in the 4th quarter. Albion Financial Group UT now owns 352 shares of the company's stock worth $36,000 after purchasing an additional 336 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Veralto in the 4th quarter worth approximately $42,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Veralto by 140.1% in the 4th quarter. Versant Capital Management Inc now owns 437 shares of the company's stock worth $45,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

Veralto Stock Performance

VLTO traded up $0.49 during trading hours on Friday, hitting $98.21. The company's stock had a trading volume of 2,816,519 shares, compared to its average volume of 1,480,171. Veralto Co. has a fifty-two week low of $85.70 and a fifty-two 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. The firm has a market capitalization of $24.29 billion, a PE ratio of 29.41, a PEG ratio of 4.24 and a beta of 1.06. The company has a 50-day simple moving average of $101.54 and a 200 day simple moving average of $105.93.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Veralto Co. will post 3.66 EPS for the current year.

Veralto Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Veralto's previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. Veralto's dividend payout ratio (DPR) is 13.17%.

Analysts Set New Price Targets

VLTO has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on Veralto in a report on Thursday, December 12th. They issued a "buy" rating and a $125.00 price target on the stock. Royal Bank of Canada cut their price target on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus cut their price target on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Citigroup cut their price target on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $112.55.

Insider Activity

In related news, SVP Melissa Aquino sold 463 shares of Veralto 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 transaction, the senior vice president now directly owns 20,761 shares in the company, valued at $2,067,795.60. The trade was a 2.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is owned by insiders.

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.