US Bancorp DE Lowers Holdings in Veralto Co. (NYSE:VLTO)

US Bancorp DE lowered its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,618 shares of the company's stock after selling 6,963 shares during the period. US Bancorp DE's holdings in Veralto were worth $3,832,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of Veralto by 6.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,353 shares of the company's stock valued at $263,000 after purchasing an additional 152 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Veralto by 66.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 51,475 shares of the company's stock valued at $5,758,000 after purchasing an additional 20,639 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Veralto by 1.2% during the 3rd quarter. Van ECK Associates Corp now owns 82,906 shares of the company's stock valued at $9,197,000 after purchasing an additional 951 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Veralto by 2.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 79,526 shares of the company's stock valued at $8,896,000 after purchasing an additional 2,011 shares during the last quarter. Finally, Intact Investment Management Inc. increased its position in shares of Veralto by 66,000.0% during the 3rd quarter. Intact Investment Management Inc. now owns 661 shares of the company's stock valued at $74,000 after purchasing an additional 660 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

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Wall Street Analyst Weigh In

VLTO has been the topic of several recent research reports. Stifel Nicolaus reduced their price objective on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on Veralto in a research report on Thursday, December 12th. They set a "buy" rating and a $125.00 price target on the stock. Citigroup reduced their price target on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Finally, Royal Bank of Canada reduced their price target on 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $112.55.

Insider Activity

In other news, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of the transaction, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the completion of the transaction, the chief executive officer now owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,467 shares of company stock worth $1,150,366 in the last quarter. 0.31% of the stock is owned by company insiders.

Veralto Trading Up 2.3 %

Shares of VLTO stock traded up $2.21 during trading hours on Friday, reaching $100.16. The company's stock had a trading volume of 1,444,812 shares, compared to its average volume of 1,460,914. The stock has a market capitalization of $24.79 billion, a P/E ratio of 29.99, a P/E/G ratio of 4.24 and a beta of 1.11. Veralto Co. has a one year low of $85.90 and a one year high of $115.00. The firm's fifty day simple moving average is $100.69 and its 200 day simple moving average is $105.34. 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 (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. Equities research analysts expect that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

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 paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's payout ratio is presently 13.17%.

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.