Veralto Co. (NYSE:VLTO) Position Decreased by Virtu Financial LLC

Virtu Financial LLC cut its position in Veralto Co. (NYSE:VLTO - Free Report) by 85.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,247 shares of the company's stock after selling 13,576 shares during the quarter. Virtu Financial LLC's holdings in Veralto were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in shares of Veralto in the 4th quarter valued at approximately $26,000. BankPlus Trust Department bought a new stake in shares of Veralto in the fourth quarter worth $29,000. Albion Financial Group UT raised 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 acquiring an additional 336 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in Veralto during the 4th quarter valued at $42,000. Finally, Erste Asset Management GmbH acquired a new position in Veralto during the 3rd quarter worth $46,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the transaction, the chief executive officer now owns 104,496 shares in the company, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Melissa Aquino sold 463 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 20,761 shares of the company's stock, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,471 shares of company stock valued at $2,234,030 in the last quarter. Corporate insiders own 0.31% of the company's stock.

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Veralto Stock Performance

Shares of VLTO traded up $1.10 during midday trading on Wednesday, hitting $98.72. 790,839 shares of the stock traded hands, compared to its average volume of 1,501,536. The business's 50 day moving average price is $99.18 and its two-hundred day moving average price is $103.73. The firm has a market capitalization of $24.44 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11. 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 Co. has a 1-year low of $85.91 and a 1-year high of $115.00.

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

Veralto Dividend Announcement

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 $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, March 31st. Veralto's dividend payout ratio is currently 13.17%.

Analyst Ratings Changes

Several equities analysts have recently commented on VLTO shares. Stifel Nicolaus reduced their price target on shares of Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada reduced their target price on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group assumed coverage on Veralto in a report on Thursday, December 12th. They issued a "buy" rating and a $125.00 price target for the company. Finally, Citigroup reduced their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $113.50.

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.