Bank of Montreal Can Sells 170,693 Shares of Veralto Co. (NYSE:VLTO)

Bank of Montreal Can trimmed its stake in shares of Veralto Co. (NYSE:VLTO - Free Report) by 37.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,781 shares of the company's stock after selling 170,693 shares during the quarter. Bank of Montreal Can owned approximately 0.12% of Veralto worth $29,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Wellington Management Group LLP raised its stake in shares of Veralto by 0.5% during the third quarter. Wellington Management Group LLP now owns 523,760 shares of the company's stock valued at $58,588,000 after acquiring an additional 2,662 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in Veralto by 120.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 8,130 shares of the company's stock valued at $909,000 after purchasing an additional 4,438 shares during the last quarter. MML Investors Services LLC lifted its holdings in Veralto by 4.3% in the 3rd quarter. MML Investors Services LLC now owns 51,041 shares of the company's stock worth $5,709,000 after buying an additional 2,109 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Veralto by 5.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 72,423 shares of the company's stock worth $8,101,000 after buying an additional 3,880 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Veralto by 43.8% during the third quarter. Barclays PLC now owns 729,081 shares of the company's stock valued at $81,556,000 after buying an additional 222,076 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VLTO has been the topic of several research analyst reports. Citigroup reduced their price target on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday. Royal Bank of Canada decreased their price objective on Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Finally, Stifel Nicolaus reduced their target price on shares of Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Veralto currently has an average rating of "Hold" and an average target price of $111.10.

Veralto Stock Up 0.5 %

Shares of NYSE VLTO traded up $0.42 during midday trading on Wednesday, hitting $90.48. The stock had a trading volume of 458,757 shares, compared to its average volume of 1,494,881. The company has a market cap of $22.44 billion, a P/E ratio of 27.09, a PEG ratio of 4.24 and a beta of 0.97. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The business's 50 day moving average is $96.46 and its 200-day moving average is $102.19. Veralto Co. has a 52 week low of $83.86 and a 52 week high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. As a group, analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The firm 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 0.49%. The ex-dividend date is Monday, March 31st. Veralto's dividend payout ratio (DPR) is 13.17%.

Insider Buying and Selling at Veralto

In other news, SVP Melissa Aquino sold 463 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction 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 sale, the senior vice president now directly owns 8,470 shares of the company's stock, valued at $849,964.50. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,471 shares of company stock worth $2,234,030. Company insiders own 0.31% of the company's stock.

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.