Loomis Sayles & Co. L P Lowers Holdings in Veralto Co. (NYSE:VLTO)

Loomis Sayles & Co. L P reduced its position in Veralto Co. (NYSE:VLTO - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 313,111 shares of the company's stock after selling 7,896 shares during the quarter. Loomis Sayles & Co. L P owned about 0.13% of Veralto worth $31,890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Savant Capital LLC increased its stake in shares of Veralto by 0.5% in the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company's stock valued at $2,055,000 after purchasing an additional 98 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in Veralto by 2.6% during the third quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company's stock worth $431,000 after acquiring an additional 99 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Veralto by 19.4% in the 4th quarter. Allworth Financial LP now owns 622 shares of the company's stock valued at $64,000 after purchasing an additional 101 shares in the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of Veralto by 1.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company's stock valued at $645,000 after purchasing an additional 103 shares during the last quarter. Finally, Quent Capital LLC increased its position in Veralto by 17.3% during the 4th quarter. Quent Capital LLC now owns 699 shares of the company's stock worth $71,000 after purchasing an additional 103 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, SVP Melissa Aquino sold 463 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $1,045,044.90. Following the sale, the chief executive officer now owns 104,496 shares of the company's stock, valued at $10,486,173.60. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,881 shares of company stock worth $2,176,770. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of research reports. Jefferies Financial Group started coverage on shares of Veralto in a research note on Thursday, December 12th. They set a "buy" rating and a $125.00 target price on the stock. Stifel Nicolaus lowered their target price on Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Royal Bank of Canada cut their price target on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 6th. Finally, Citigroup lowered their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $113.50.

Veralto Stock Up 0.2 %

Veralto stock traded up $0.18 during midday trading on Tuesday, reaching $97.63. The stock had a trading volume of 139,454 shares, compared to its average volume of 1,497,909. Veralto Co. has a 12 month low of $85.91 and a 12 month high of $115.00. The company has a market capitalization of $24.17 billion, a P/E ratio of 29.19, a PEG ratio of 4.24 and a beta of 1.11. The company has a fifty day moving average price of $99.37 and a two-hundred day moving average price of $103.85. 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 released its earnings results on Tuesday, February 4th. The company reported $0.95 EPS 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%. As a group, equities analysts expect that Veralto Co. will post 3.66 EPS 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 given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. 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.