Veralto Co. (NYSE:VLTO) Stock Position Increased by Schubert & Co

Schubert & Co grew its stake in Veralto Co. (NYSE:VLTO - Free Report) by 52.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,642 shares of the company's stock after buying an additional 5,701 shares during the period. Veralto accounts for 1.1% of Schubert & Co's holdings, making the stock its 10th biggest position. Schubert & Co's holdings in Veralto were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Veralto during the 3rd quarter worth approximately $25,000. Raleigh Capital Management Inc. increased its stake in shares of Veralto by 692.3% in the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company's stock worth $35,000 after acquiring an additional 270 shares during the period. Albion Financial Group UT raised its holdings in shares of Veralto by 2,100.0% during the fourth 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. purchased a new position in shares of Veralto during the fourth quarter worth $42,000. Finally, Versant Capital Management Inc lifted its position in Veralto by 140.1% during the fourth quarter. Versant Capital Management Inc now owns 437 shares of the company's stock valued at $45,000 after purchasing an additional 255 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup cut their price target on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus reduced their price target on Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. 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 target on the stock. Finally, Royal Bank of Canada cut their price target on Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Veralto currently has a consensus rating of "Hold" and a consensus target price of $112.55.

Insider Transactions at Veralto

In other Veralto news, SVP Melissa Aquino sold 463 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the transaction, the senior vice president now owns 20,761 shares of the company's stock, valued at $2,067,795.60. This represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.31% of the company's stock.

Veralto Trading Up 0.5 %

VLTO stock traded up $0.49 during trading on Friday, reaching $98.21. 2,816,519 shares of the stock were exchanged, compared to its average volume of 1,480,171. 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 price-to-earnings ratio of 29.41, a P/E/G ratio of 4.24 and a beta of 1.06. The business has a 50 day moving average price of $101.54 and a 200-day moving average price of $105.93. Veralto Co. has a 1 year low of $85.70 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, beating 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%. On average, research analysts predict that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Tuesday, December 31st. This is a positive change from Veralto's previous quarterly dividend of $0.09. Veralto's dividend payout ratio is 13.17%.

Veralto Company 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.