Blair William & Co. IL Lowers Stock Holdings in Veralto Co. (NYSE:VLTO)

Blair William & Co. IL decreased its holdings in shares of Veralto Co. (NYSE:VLTO - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,648 shares of the company's stock after selling 11,795 shares during the period. Blair William & Co. IL owned 0.06% of Veralto worth $13,918,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. OFI Invest Asset Management acquired a new position in shares of Veralto during the fourth quarter valued at about $26,000. BankPlus Trust Department acquired a new position in shares of Veralto during the fourth quarter worth approximately $29,000. Albion Financial Group UT lifted its holdings in shares of Veralto by 2,100.0% in 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 in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Veralto in the 4th quarter valued at $42,000. Finally, Erste Asset Management GmbH acquired a new position in Veralto during the third quarter worth $46,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Stock Performance

Shares of NYSE VLTO traded up $0.79 during mid-day trading on Wednesday, reaching $98.41. 186,110 shares of the company's stock were exchanged, compared to its average volume of 1,498,893. The firm has a market capitalization of $24.36 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11. The firm has a 50-day moving average price of $99.26 and a two-hundred day moving average price of $103.77. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. Veralto Co. has a 52 week low of $85.91 and a 52 week high of $115.00.

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Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Analysts predict 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. Shareholders of record on Monday, March 31st will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. Veralto's dividend payout ratio is currently 13.17%.

Insider Buying and Selling at Veralto

In other news, SVP Melissa Aquino sold 463 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, the senior vice president now owns 20,761 shares of the company's stock, valued at $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 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 transaction of $1,045,044.90. Following the completion of the transaction, the chief executive officer now directly owns 104,496 shares of the company's stock, valued at approximately $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,881 shares of company stock worth $2,176,770 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.