Centiva Capital LP Invests $650,000 in Veralto Co. (NYSE:VLTO)

Centiva Capital LP purchased a new stake in Veralto Co. (NYSE:VLTO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,385 shares of the company’s stock, valued at approximately $650,000.

Several other institutional investors and hedge funds have also bought and sold shares of VLTO. Barclays PLC raised its position in shares of Veralto by 43.8% in the 3rd quarter. Barclays PLC now owns 729,081 shares of the company’s stock valued at $81,556,000 after buying an additional 222,076 shares in the last quarter. World Investment Advisors LLC bought a new position in Veralto in the third quarter valued at approximately $202,000. Principal Financial Group Inc. raised its position in Veralto by 207.2% during the third quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company’s stock valued at $125,608,000 after purchasing an additional 757,389 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Veralto by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 2,448,648 shares of the company’s stock worth $273,906,000 after purchasing an additional 314,412 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Veralto in the 4th quarter valued at $1,528,000. Institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the subject of a number of research analyst reports. Northcoast Research started coverage on Veralto in a report on Tuesday. They set a “buy” rating and a $110.00 price target for the company. Citigroup lowered their target price on Veralto from $116.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Royal Bank of Canada raised their price target on shares of Veralto from $103.00 to $104.00 and gave the company a “sector perform” rating in a research note on Thursday, May 1st. Robert W. Baird upped their price objective on shares of Veralto from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus raised their target price on shares of Veralto from $102.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $110.09.

Veralto Stock Performance

NYSE VLTO opened at $97.28 on Friday. The company has a market capitalization of $24.11 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 4.24 and a beta of 0.99. Veralto Co. has a twelve month low of $83.87 and a twelve month high of $115.00. The stock has a fifty day simple moving average of $94.26 and a 200 day simple moving average of $99.96. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. Veralto had a return on equity of 49.29% and a net margin of 16.04%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 earnings per share. Sell-side analysts expect that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Monday, March 31st. Veralto’s dividend payout ratio (DPR) is presently 12.57%.

Insider Buying and Selling

In other Veralto news, SVP Melissa Aquino sold 31,689 shares of Veralto stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $93.67, for a total value of $2,968,308.63. Following the completion of the sale, the senior vice president now directly owns 17,434 shares in the company, valued at approximately $1,633,042.78. The trade was a 64.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,578 shares of company stock valued at $6,192,048 over the last quarter. Insiders own 0.36% of the company’s stock.

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.