Veralto Co. (NYSE:VLTO) Shares Sold by Ostrum Asset Management

Ostrum Asset Management reduced its holdings in shares of Veralto Co. (NYSE:VLTO) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,419 shares of the company’s stock after selling 720 shares during the period. Ostrum Asset Management’s holdings in Veralto were worth $1,469,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in VLTO. Norinchukin Bank The raised its stake in shares of Veralto by 7.3% in the fourth quarter. Norinchukin Bank The now owns 10,663 shares of the company’s stock valued at $1,086,000 after acquiring an additional 723 shares in the last quarter. Ossiam raised its position in Veralto by 13.3% in the 4th quarter. Ossiam now owns 11,751 shares of the company’s stock valued at $1,197,000 after purchasing an additional 1,382 shares in the last quarter. Capital International Inc. CA boosted its stake in shares of Veralto by 32.5% in the 4th quarter. Capital International Inc. CA now owns 34,442 shares of the company’s stock valued at $3,508,000 after buying an additional 8,451 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Veralto by 21.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 865,943 shares of the company’s stock worth $88,197,000 after buying an additional 153,814 shares in the last quarter. Finally, Dnca Finance increased its stake in shares of Veralto by 69.4% during the fourth quarter. Dnca Finance now owns 48,000 shares of the company’s stock worth $4,889,000 after buying an additional 19,668 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were 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 owns 8,470 shares in the company, valued at approximately $849,964.50. This represents a 6.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the sale, the senior vice president now directly owns 20,761 shares in the company, valued at approximately $2,067,795.60. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,471 shares of company stock worth $2,234,030. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on VLTO. Royal Bank of Canada lowered their price target 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. Citigroup dropped their target price on Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus decreased their price target on Veralto from $110.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Veralto has an average rating of “Hold” and an average target price of $111.10.

Veralto Stock Up 0.3 %

Veralto stock opened at $89.59 on Monday. 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. 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 fifty-two week low of $83.87 and a fifty-two week high of $115.00. The stock has a 50-day simple moving average of $95.86 and a 200-day simple moving average of $101.68.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.49%. Veralto’s payout ratio is 13.17%.

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.