Crestwood Advisors Group LLC Decreases Stake in Veralto Co. (NYSE:VLTO)

Crestwood Advisors Group LLC cut its holdings in shares of Veralto Co. (NYSE:VLTO) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,388 shares of the company’s stock after selling 645 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Veralto were worth $5,234,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new stake in shares of Veralto in the 3rd quarter worth $25,000. Albion Financial Group UT grew its holdings 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 valued at $36,000 after purchasing an additional 336 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Veralto during the fourth quarter worth about $42,000. Raleigh Capital Management Inc. raised its stake in Veralto by 35.3% during the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock worth $43,000 after purchasing an additional 109 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Veralto by 140.1% in the 4th quarter. Versant Capital Management Inc now owns 437 shares of the company’s stock valued at $45,000 after purchasing an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Trading Up 1.9 %

Shares of NYSE VLTO opened at $100.04 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $24.74 billion, a PE ratio of 29.95, a PEG ratio of 4.24 and a beta of 1.06. Veralto Co. has a twelve month low of $85.70 and a twelve month high of $115.00. The stock has a fifty day simple moving average of $101.33 and a 200-day simple moving average of $105.88.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating 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%. On average, equities analysts forecast that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

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

Analyst Ratings Changes

VLTO has been the subject of a number of recent analyst reports. Jefferies Financial Group assumed coverage on shares of Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price target for the company. Citigroup cut their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Stifel Nicolaus reduced their target price on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Royal Bank of Canada lowered their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.55.

Insiders Place Their Bets

In related news, SVP Melissa Aquino sold 463 shares of the business’s 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 $2,067,795.60. The trade was a 2.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

About Veralto

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.