Veralto Co. (NYSE:VLTO) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in Veralto Co. (NYSE:VLTO - Free Report) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 698,069 shares of the company's stock after selling 34,500 shares during the quarter. Swiss National Bank owned approximately 0.28% of Veralto worth $71,098,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Savant Capital LLC raised its holdings in shares of Veralto by 0.5% in the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company's stock valued at $2,055,000 after purchasing an additional 98 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Veralto by 2.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company's stock worth $431,000 after acquiring an additional 99 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Veralto by 1.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company's stock worth $821,000 after acquiring an additional 100 shares in the last quarter. Allworth Financial LP raised its stake in Veralto by 19.4% during the 4th quarter. Allworth Financial LP now owns 622 shares of the company's stock worth $64,000 after acquiring an additional 101 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its stake in Veralto by 1.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company's stock worth $645,000 after acquiring an additional 103 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

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Veralto Stock Performance

Shares of NYSE:VLTO traded up $0.93 during midday trading on Wednesday, hitting $99.29. The stock had a trading volume of 1,004,997 shares, compared to its average volume of 1,465,836. The company has a market capitalization of $24.58 billion, a PE ratio of 29.73, a P/E/G ratio of 4.24 and a beta of 1.11. The stock has a 50 day moving average price of $100.16 and a two-hundred day moving average price of $104.62. 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 Co. has a 1 year low of $85.91 and a 1 year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share 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%. As a group, equities analysts predict that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced 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. This represents a $0.44 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, March 31st. Veralto's payout ratio is 13.17%.

Insider Activity

In related news, SVP Melissa Aquino sold 463 shares of the firm'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 completion of the sale, the senior vice president now owns 20,761 shares in the company, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Surekha Trivedi sold 590 shares of the firm'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 completion of the sale, the senior vice president now owns 8,470 shares of the company's stock, valued at $849,964.50. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,467 shares of company stock valued at $1,150,366 over the last quarter. Corporate insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their price target on shares of Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Citigroup cut their price target on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group assumed coverage on shares of Veralto in a research note on Thursday, December 12th. They set a "buy" rating and a $125.00 price target on the stock. Finally, Royal Bank of Canada lowered their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $113.50.

Veralto 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.