Tower Research Capital LLC TRC Has $1.41 Million Position in Veralto Co. (NYSE:VLTO)

Tower Research Capital LLC TRC boosted its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 214.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,803 shares of the company's stock after buying an additional 9,412 shares during the period. Tower Research Capital LLC TRC's holdings in Veralto were worth $1,406,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB boosted its stake in Veralto by 34.6% in the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock worth $400,928,000 after purchasing an additional 1,009,170 shares during the period. Park Avenue Securities LLC lifted its stake in Veralto by 18.4% in the 4th quarter. Park Avenue Securities LLC now owns 17,228 shares of the company's stock worth $1,755,000 after acquiring an additional 2,676 shares in the last quarter. Czech National Bank boosted its position in Veralto by 6.5% during the 4th quarter. Czech National Bank now owns 53,622 shares of the company's stock worth $5,461,000 after acquiring an additional 3,284 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Veralto by 15.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company's stock valued at $1,438,000 after purchasing an additional 1,889 shares during the period. Finally, David Wealth Management LLC purchased a new stake in shares of Veralto in the fourth quarter worth approximately $1,013,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was 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 directly owns 8,470 shares of the company's stock, valued at approximately $849,964.50. The trade was a 6.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $46,114.80. Following the completion of the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,471 shares of company stock valued at $2,234,030 over the last three months. 0.36% of the stock is owned by insiders.

Veralto Stock Performance

Shares of NYSE VLTO traded up $0.66 during mid-day trading on Friday, hitting $92.40. The company had a trading volume of 1,418,303 shares, compared to its average volume of 1,475,130. Veralto Co. has a 12 month low of $83.87 and a 12 month 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. The firm has a market cap of $22.92 billion, a P/E ratio of 27.66, a PEG ratio of 4.24 and a beta of 0.97. The business's 50-day simple moving average is $95.01 and its 200-day simple moving average is $100.99.

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, analysts predict that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.11 per share. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.48%. Veralto's dividend payout ratio (DPR) is 13.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on VLTO shares. Royal Bank of Canada decreased 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. Stifel Nicolaus reduced their price target on Veralto from $110.00 to $102.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Citigroup dropped their price objective on Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $111.10.

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.