Veralto Co. (NYSE:VLTO) Shares Sold by Swedbank AB

Swedbank AB trimmed its position in Veralto Co. (NYSE:VLTO - Free Report) by 35.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,375,136 shares of the company's stock after selling 765,916 shares during the period. Swedbank AB owned about 0.56% of Veralto worth $140,058,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Veralto during the third quarter worth about $25,000. Raleigh Capital Management Inc. lifted its stake in Veralto by 692.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company's stock worth $35,000 after purchasing an additional 270 shares in the last quarter. Albion Financial Group UT boosted its holdings in shares of Veralto by 2,100.0% during the 4th 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 stake in shares of Veralto in the fourth quarter valued at approximately $42,000. Finally, Versant Capital Management Inc increased its holdings in shares of Veralto by 140.1% in 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 last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VLTO has been the subject of several analyst reports. Citigroup dropped their target price on Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Stifel Nicolaus dropped their price objective on shares of Veralto from $117.00 to $116.00 and set a "buy" rating for the company in a report on Friday, January 24th. Royal Bank of Canada lifted their target price on shares of Veralto from $108.00 to $111.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group initiated coverage on shares of Veralto in a research note on Thursday, December 12th. They issued a "buy" rating and a $125.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $113.18.

Veralto Trading Up 1.0 %

NYSE:VLTO traded up $1.03 during trading hours on Thursday, reaching $103.88. 881,455 shares of the stock were exchanged, compared to its average volume of 1,316,745. Veralto Co. has a twelve month low of $75.05 and a twelve month high of $115.00. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average of $103.92 and a two-hundred day moving average of $106.22. The company has a market capitalization of $25.69 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 4.31 and a beta of 1.06.

Veralto Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.42%. This is a boost from Veralto's previous quarterly dividend of $0.09. The ex-dividend date is Tuesday, December 31st. Veralto's dividend payout ratio (DPR) is 13.58%.

Insider Buying and Selling at Veralto

In other news, SVP Surekha Trivedi sold 752 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $102.91, for a total transaction of $77,388.32. Following the sale, the senior vice president now owns 10,413 shares of the company's stock, valued at approximately $1,071,601.83. This trade represents a 6.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

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.