Capital International Sarl Raises Stock Position in Veralto Co. (NYSE:VLTO)

Capital International Sarl increased its holdings in shares of Veralto Co. (NYSE:VLTO) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,033 shares of the company’s stock after purchasing an additional 1,838 shares during the period. Capital International Sarl’s holdings in Veralto were worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Bernard Wealth Management Corp. purchased a new position in Veralto in the fourth quarter valued at about $25,000. OFI Invest Asset Management purchased a new position in shares of Veralto during the 4th quarter valued at approximately $26,000. BankPlus Trust Department acquired a new stake in shares of Veralto during the fourth quarter worth approximately $29,000. Albion Financial Group UT increased 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 buying an additional 336 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in Veralto in the fourth quarter valued at $42,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the transaction, the senior vice president now directly owns 8,470 shares of the company’s stock, valued at approximately $849,964.50. This trade represents a 6.51 % 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 link. 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 transaction of $46,114.80. Following the transaction, the senior vice president now owns 20,761 shares in the company, 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. Insiders sold 22,471 shares of company stock valued at $2,234,030 in the last quarter. Company insiders own 0.36% of the company’s stock.

Veralto Stock Up 0.3 %

NYSE VLTO opened at $89.59 on Friday. The company’s 50 day simple moving average is $95.86 and its 200 day simple moving average is $101.81. The company has a market capitalization of $22.22 billion, a P/E ratio of 26.82, a PEG ratio of 4.24 and a beta of 0.97. Veralto Co. has a 12 month low of $83.87 and a 12 month high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share 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%. Equities research analysts expect that Veralto Co. will post 3.66 earnings per share for the current fiscal 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 given a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.49%. Veralto’s payout ratio is 13.17%.

Analysts Set New Price Targets

Several research analysts have weighed in on VLTO shares. Royal Bank of Canada decreased their price objective 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. Stifel Nicolaus decreased their price target on Veralto from $110.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Citigroup cut their price objective on Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Veralto presently has a consensus rating of “Hold” and a consensus price target 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.