Veralto Co. (NYSE:VLTO) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. cut its position in shares of Veralto Co. (NYSE:VLTO) by 25.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,620 shares of the company’s stock after selling 1,238 shares during the period. Montag A & Associates Inc.’s holdings in Veralto were worth $369,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VLTO. Ashton Thomas Securities LLC acquired a new stake in Veralto during the third quarter worth $25,000. Raleigh Capital Management Inc. boosted its position in Veralto by 692.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after buying an additional 270 shares during the period. Albion Financial Group UT grew its stake in shares of Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after acquiring an additional 336 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Veralto during the fourth quarter worth $42,000. Finally, Versant Capital Management Inc raised its stake in shares of Veralto by 140.1% in the fourth quarter. Versant Capital Management Inc now owns 437 shares of the company’s stock valued at $45,000 after acquiring an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VLTO. Citigroup cut their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada cut their target price on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price target for the company. Finally, Stifel Nicolaus lowered their price target on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Veralto presently has an average rating of “Hold” and a consensus price target of $112.55.

Veralto Price Performance

Shares of VLTO opened at $98.04 on Tuesday. The firm has a market capitalization of $24.25 billion, a PE ratio of 29.35, a P/E/G ratio of 4.21 and a beta of 1.06. The stock’s 50 day moving average is $102.20 and its two-hundred day moving average is $106.16. Veralto Co. has a twelve month low of $83.34 and a twelve month high of $115.00. The company has a current ratio of 1.92, a quick ratio of 1.87 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share 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%. Research analysts anticipate that Veralto Co. will post 3.63 earnings per share for the current year.

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.11 dividend. This is a boost from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. Veralto’s dividend payout ratio (DPR) is 13.17%.

Insider Buying and Selling

In related news, SVP Melissa Aquino sold 463 shares of Veralto 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 completion of the transaction, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.31% of the stock is owned by insiders.

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.