Veralto Co. (NYSE:VLTO) Shares Acquired by Rathbones Group PLC

Rathbones Group PLC grew its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 130.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,089 shares of the company's stock after buying an additional 9,108 shares during the period. Rathbones Group PLC's holdings in Veralto were worth $1,639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Veralto by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock valued at $2,989,011,000 after buying an additional 146,234 shares during the last quarter. Amundi boosted its holdings in Veralto by 2.3% in the fourth quarter. Amundi now owns 7,169,702 shares of the company's stock valued at $731,084,000 after acquiring an additional 158,342 shares in the last quarter. Geode Capital Management LLC raised its holdings in Veralto by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock worth $670,781,000 after purchasing an additional 733,056 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Veralto by 1.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock valued at $485,304,000 after purchasing an additional 54,795 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Veralto by 9.7% during the fourth quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock valued at $462,538,000 after buying an additional 401,228 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Stock Up 1.1 %

Veralto stock traded up $0.98 during mid-day trading on Monday, reaching $90.60. 195,553 shares of the company were exchanged, compared to its average volume of 1,511,518. Veralto Co. has a 12-month low of $83.87 and a 12-month high of $115.00. The business has a fifty day moving average of $96.73 and a 200 day moving average of $102.42. The firm has a market cap of $22.47 billion, a P/E ratio of 27.13, a PEG ratio of 4.24 and a beta of 0.97. 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 posted 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%. Research analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.49%. Veralto's dividend payout ratio (DPR) is presently 13.17%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VLTO. Stifel Nicolaus reduced their price target on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Citigroup reduced their target price on shares of 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 dropped their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $113.50.

Insider Buying and Selling at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $98.56, for a total value of $1,026,403.84. Following the sale, the chief executive officer now directly owns 116,637 shares of the company's stock, valued at approximately $11,495,742.72. This trade represents a 8.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of the company'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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,471 shares of company stock valued at $2,234,030. 0.31% of the stock is owned by insiders.

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.