SageView Advisory Group LLC Invests $317,000 in Veralto Co. (NYSE:VLTO)

SageView Advisory Group LLC purchased a new stake in shares of Veralto Co. (NYSE:VLTO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,108 shares of the company's stock, valued at approximately $317,000.

A number of other large investors have also added to or reduced their stakes in VLTO. Bernard Wealth Management Corp. purchased a new stake in shares of Veralto during the 4th quarter worth approximately $25,000. OFI Invest Asset Management bought a new position in Veralto during the fourth quarter valued at $26,000. BankPlus Trust Department purchased a new stake in Veralto in the fourth quarter worth $29,000. Albion Financial Group UT raised its stake in shares of Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after buying an additional 336 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Veralto during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Price Performance

Shares of VLTO traded up $0.26 during mid-day trading on Friday, reaching $89.59. 1,691,548 shares of the stock traded hands, compared to its average volume of 1,503,602. The firm has a fifty day moving average price of $95.86 and a 200 day moving average price of $101.81. Veralto Co. has a 1 year low of $83.87 and a 1 year high of $115.00. The company has a market cap of $22.22 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. 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 (NYSE:VLTO - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. As a group, equities research analysts predict that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 0.49%. Veralto's payout ratio is 13.17%.

Insider Activity

In related news, SVP Surekha Trivedi sold 590 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Melissa Aquino sold 463 shares of the firm's stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,471 shares of company stock valued at $2,234,030. Corporate insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Citigroup lowered their price objective on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus lowered their price target on shares of Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada dropped 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. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $111.10.

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.