Veralto Co. (NYSE:VLTO) Stock Holdings Lifted by Jump Financial LLC

Jump Financial LLC raised its stake in Veralto Co. (NYSE:VLTO - Free Report) by 572.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 101,058 shares of the company's stock after purchasing an additional 86,021 shares during the quarter. Jump Financial LLC's holdings in Veralto were worth $10,293,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Bernard Wealth Management Corp. purchased a new stake in shares of Veralto during the 4th quarter worth $25,000. OFI Invest Asset Management purchased a new stake in Veralto during the fourth quarter worth about $26,000. BankPlus Trust Department acquired a new position in Veralto during the fourth quarter worth about $29,000. Albion Financial Group UT increased its holdings in 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 buying an additional 336 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Veralto during the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Buying and Selling

In other news, SVP Surekha Trivedi sold 590 shares of Veralto 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 sale, the senior vice president now owns 10,011 shares in the company, valued at $971,567.55. This trade represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Melissa Aquino sold 463 shares of the 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 transaction, the senior vice president now directly owns 20,761 shares of the company's stock, valued at $2,067,795.60. This represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,471 shares of company stock valued at $2,234,030. 0.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VLTO shares. Citigroup dropped their price objective on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus lowered their price objective on shares of Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada cut 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 report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Veralto currently has an average rating of "Hold" and an average price target of $111.10.

Veralto Trading Up 0.3 %

Shares of Veralto stock traded up $0.26 during trading hours on Friday, reaching $89.59. 1,691,548 shares of the company's stock were exchanged, compared to its average volume of 1,503,602. The firm has a market capitalization of $22.22 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. 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 52-week low of $83.87 and a 52-week high of $115.00. The company has a fifty day moving average of $95.86 and a 200-day moving average of $101.81.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS 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%. Sell-side analysts forecast that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

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