Veralto Co. (NYSE:VLTO) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its holdings in Veralto Co. (NYSE:VLTO - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 201,584 shares of the company's stock after selling 8,707 shares during the period. Rockefeller Capital Management L.P. owned 0.08% of Veralto worth $20,530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VLTO. Vanguard Group Inc. lifted its position 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 worth $2,989,011,000 after purchasing an additional 146,234 shares in the last quarter. Amundi lifted its position 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 during the last quarter. Geode Capital Management LLC grew its stake in Veralto by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock worth $670,781,000 after buying an additional 733,056 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Veralto by 1.2% in 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 acquiring an additional 54,795 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Veralto by 9.7% in 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 last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Price Performance

Shares of NYSE VLTO traded up $0.26 during midday trading on Friday, hitting $89.59. The company had a trading volume of 1,691,548 shares, compared to its average volume of 1,507,086. 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 has a 50-day simple moving average of $96.07 and a two-hundred day simple moving average of $101.95. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00. 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.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.11 per share. 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 presently 13.17%.

Insiders Place Their Bets

In related news, SVP Surekha Trivedi sold 590 shares of the firm's 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 approximately $971,567.55. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 104,496 shares in the company, valued at approximately $10,486,173.60. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,471 shares of company stock valued at $2,234,030. Corporate insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VLTO. Royal Bank of Canada dropped their price target on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus dropped their target price on Veralto from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Citigroup cut their price target on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Veralto presently has a consensus rating of "Hold" and a consensus target price of $111.10.

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.