Russell Investments Group Ltd. Acquires 25,522 Shares of Veralto Co. (NYSE:VLTO)

Russell Investments Group Ltd. lifted its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 543,530 shares of the company's stock after purchasing an additional 25,522 shares during the period. Russell Investments Group Ltd. owned approximately 0.22% of Veralto worth $55,362,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VLTO. Savant Capital LLC lifted its stake in Veralto by 0.5% during the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company's stock valued at $2,055,000 after buying an additional 98 shares in the last quarter. Allworth Financial LP lifted its position in shares of Veralto by 19.4% in the 4th quarter. Allworth Financial LP now owns 622 shares of the company's stock valued at $64,000 after acquiring an additional 101 shares in the last quarter. Insigneo Advisory Services LLC boosted its stake in Veralto by 1.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company's stock worth $645,000 after purchasing an additional 103 shares during the period. Quent Capital LLC grew its position in Veralto by 17.3% during the 4th quarter. Quent Capital LLC now owns 699 shares of the company's stock worth $71,000 after purchasing an additional 103 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in Veralto by 35.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company's stock valued at $43,000 after purchasing an additional 109 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Stifel Nicolaus decreased their target price on Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Citigroup decreased their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Finally, Royal Bank of Canada dropped their target price on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Veralto has a consensus rating of "Hold" and an average price target of $113.50.

Insider Buying and Selling at Veralto

In other news, SVP Surekha Trivedi sold 590 shares of Veralto 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 $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares of the company's stock, valued at $849,964.50. This trade represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction 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. The trade was a 9.06 % decrease in their ownership of the stock. 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 over the last three months. Corporate insiders own 0.31% of the company's stock.

Veralto Stock Up 1.1 %

Shares of Veralto stock traded up $0.99 during trading on Friday, hitting $89.69. 2,132,306 shares of the stock traded hands, compared to its average volume of 1,515,798. The stock has a market cap of $22.25 billion, a P/E ratio of 26.85, a PEG ratio of 4.24 and a beta of 0.97. The company has a fifty day moving average price of $96.73 and a two-hundred day moving average price of $102.48. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00. 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 (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 net margin of 16.04% and a return on equity of 49.29%. Equities research analysts predict that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.49%. The ex-dividend date is Monday, March 31st. Veralto's 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.