Segall Bryant & Hamill LLC Acquires Shares of 83,591 Veralto Co. (NYSE:VLTO)

Segall Bryant & Hamill LLC bought a new position in Veralto Co. (NYSE:VLTO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 83,591 shares of the company's stock, valued at approximately $8,514,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in shares of Veralto by 4.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 13,475 shares of the company's stock valued at $1,507,000 after acquiring an additional 560 shares during the last quarter. Cerity Partners LLC boosted its holdings in Veralto by 34.3% in the 3rd quarter. Cerity Partners LLC now owns 66,482 shares of the company's stock valued at $7,437,000 after purchasing an additional 16,977 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Veralto by 562.3% in the 3rd quarter. Larson Financial Group LLC now owns 755 shares of the company's stock valued at $84,000 after buying an additional 641 shares during the period. Centaurus Financial Inc. increased its holdings in shares of Veralto by 15.5% during the 3rd quarter. Centaurus Financial Inc. now owns 2,051 shares of the company's stock worth $229,000 after buying an additional 276 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Veralto by 2.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company's stock valued at $431,000 after buying an additional 99 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Down 2.0 %

Veralto stock traded down $1.92 during mid-day trading on Friday, reaching $95.97. 834,861 shares of the company's stock were exchanged, compared to its average volume of 1,499,859. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. Veralto Co. has a twelve month low of $85.91 and a twelve month high of $115.00. The company has a market cap of $23.76 billion, a P/E ratio of 28.73, a P/E/G ratio of 4.24 and a beta of 1.11. The company has a fifty day moving average of $99.48 and a 200-day moving average of $103.97.

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Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts expect that Veralto Co. will post 3.66 EPS for the current 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 dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.46%. Veralto's payout ratio is 13.17%.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $1,045,044.90. Following the completion of the transaction, the chief executive officer now directly owns 104,496 shares of the company's stock, valued at $10,486,173.60. This represents a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Melissa Aquino sold 463 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the sale, the senior vice president now directly owns 20,761 shares in the company, valued at approximately $2,067,795.60. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,881 shares of company stock valued at $2,176,770 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VLTO has been the subject of several analyst reports. Citigroup lowered 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. Jefferies Financial Group began coverage on Veralto in a report on Thursday, December 12th. They set a "buy" rating and a $125.00 price target for the company. Stifel Nicolaus reduced their price objective on shares of Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Royal Bank of Canada lowered their target price on shares of 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $113.50.

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.