Sei Investments Co. Raises Stock Position in Veralto Co. (NYSE:VLTO)

Sei Investments Co. grew its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 52.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 362,350 shares of the company's stock after buying an additional 125,198 shares during the period. Sei Investments Co. owned 0.15% of Veralto worth $36,905,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Empowered Funds LLC increased its stake in Veralto by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 3,478 shares of the company's stock worth $389,000 after buying an additional 172 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Veralto by 4.3% during the third quarter. Thrivent Financial for Lutherans now owns 13,475 shares of the company's stock worth $1,507,000 after purchasing an additional 560 shares in the last quarter. Nwam LLC bought a new stake in Veralto during the 3rd quarter valued at approximately $332,000. Cerity Partners LLC lifted its holdings in Veralto by 34.3% in the 3rd quarter. Cerity Partners LLC now owns 66,482 shares of the company's stock worth $7,437,000 after purchasing an additional 16,977 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Veralto by 562.3% in the 3rd quarter. Larson Financial Group LLC now owns 755 shares of the company's stock worth $84,000 after purchasing an additional 641 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Insider Activity at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the sale, the chief executive officer now owns 116,637 shares of the company's stock, valued at approximately $11,495,742.72. The trade was a 8.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Melissa Aquino sold 463 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the transaction, the senior vice president now owns 20,761 shares in the company, valued at $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 21,881 shares of company stock valued at $2,176,770 in the last ninety days. Corporate insiders own 0.31% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently issued reports on VLTO. 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 research report on Thursday, February 6th. Royal Bank of Canada lowered their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. Citigroup reduced their target price on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. Finally, Jefferies Financial Group began coverage on shares of Veralto in a research note on Thursday, December 12th. They set a "buy" rating and a $125.00 target price for the company. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $113.50.

Veralto Stock Down 2.0 %

Veralto stock traded down $1.92 during trading hours on Friday, reaching $95.97. The stock had a trading volume of 834,861 shares, compared to its average volume of 1,499,859. The company has a market cap of $23.76 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 4.24 and a beta of 1.11. The business's 50 day moving average price is $99.48 and its 200-day moving average price is $104.01. Veralto Co. has a 52 week low of $85.91 and a 52 week high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.95 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%. Sell-side analysts anticipate that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The firm 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 annualized dividend and a yield of 0.46%. Veralto's dividend payout ratio (DPR) 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.