T. Rowe Price Investment Management Inc. Has $990.96 Million Stock Holdings in Veralto Co. (NYSE:VLTO)

T. Rowe Price Investment Management Inc. reduced its position in Veralto Co. (NYSE:VLTO - Free Report) by 8.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,729,595 shares of the company's stock after selling 895,342 shares during the period. T. Rowe Price Investment Management Inc. owned about 3.93% of Veralto worth $990,960,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bernard Wealth Management Corp. bought a new position in shares of Veralto during the 4th quarter worth approximately $25,000. OFI Invest Asset Management acquired a new stake in Veralto during the 4th quarter valued at $26,000. BankPlus Trust Department bought a new position in Veralto during the fourth quarter worth $29,000. Albion Financial Group UT increased its holdings in shares of Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after purchasing an additional 336 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in shares of Veralto in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Transactions at Veralto

In related news, SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total transaction of $57,259.50. Following the completion of the transaction, the senior vice president now directly owns 10,011 shares in the company, valued at $971,567.55. This represents a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the firm'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 completion of the sale, the chief executive officer now owns 116,637 shares in the company, valued at $11,495,742.72. This represents a 8.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,471 shares of company stock valued at $2,234,030. Corporate insiders own 0.36% of the company's stock.

Veralto Stock Up 2.1 %

Shares of NYSE VLTO opened at $89.04 on Wednesday. The stock has a market capitalization of $22.09 billion, a P/E ratio of 26.66, a PEG ratio of 4.24 and a beta of 0.97. The stock's fifty day moving average is $95.39 and its 200 day moving average is $101.42. Veralto Co. has a 52 week low of $83.87 and a 52 week high of $115.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO - Get Free Report) last released its 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%. Sell-side analysts forecast that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.49%. Veralto's payout ratio is 13.17%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada lowered their target price on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 6th. Finally, Citigroup reduced their price target on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Veralto has an average rating of "Hold" and a consensus target price of $111.10.

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.

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