King Luther Capital Management Corp Has $48.32 Million Holdings in Veralto Co. (NYSE:VLTO)

King Luther Capital Management Corp lifted its position in shares of Veralto Co. (NYSE:VLTO - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 474,370 shares of the company's stock after acquiring an additional 9,321 shares during the period. King Luther Capital Management Corp owned approximately 0.19% of Veralto worth $48,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in VLTO. State Street Corp lifted its stake in Veralto by 9.8% during the third quarter. State Street Corp now owns 9,599,499 shares of the company's stock worth $1,074,654,000 after purchasing an additional 860,608 shares during the last quarter. Amundi raised its holdings in shares of Veralto by 2.3% during the 4th quarter. Amundi now owns 7,169,702 shares of the company's stock worth $731,084,000 after buying an additional 158,342 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Veralto by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company's stock worth $654,232,000 after buying an additional 558,393 shares during the last quarter. Nordea Investment Management AB boosted its stake in Veralto by 34.6% in the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock valued at $400,928,000 after buying an additional 1,009,170 shares in the last quarter. Finally, FMR LLC grew its position in Veralto by 5.1% in the third quarter. FMR LLC now owns 3,329,717 shares of the company's stock valued at $372,462,000 after acquiring an additional 162,347 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

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Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, SVP Surekha Trivedi sold 590 shares of the firm's stock in a transaction dated 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 in the company, valued at $849,964.50. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Melissa Aquino sold 463 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were 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 directly owns 20,761 shares of the company's stock, valued at $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,467 shares of company stock worth $1,150,366. 0.31% of the stock is owned by corporate insiders.

Veralto Trading Up 0.2 %

VLTO stock traded up $0.18 during trading on Thursday, hitting $95.61. The company had a trading volume of 1,368,083 shares, compared to its average volume of 1,472,018. The stock has a market cap of $23.67 billion, a PE ratio of 28.62, a PEG ratio of 4.24 and a beta of 1.11. The business has a 50-day moving average of $100.33 and a 200-day moving average of $105.00. 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 Co. has a one year low of $85.90 and a one year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Research analysts predict that Veralto Co. will post 3.66 earnings per share 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 paid a dividend of $0.11 per share. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.46%. Veralto's dividend payout ratio is currently 13.17%.

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.