Veralto Co. (NYSE:VLTO) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lowered its position in shares of Veralto Co. (NYSE:VLTO) by 3.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 25,081 shares of the company’s stock after selling 999 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Veralto were worth $2,555,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Veralto by 9.8% during the third quarter. State Street Corp now owns 9,599,499 shares of the company’s stock worth $1,074,654,000 after purchasing an additional 860,608 shares during the period. Geode Capital Management LLC raised its position in Veralto by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company’s stock worth $654,232,000 after buying an additional 558,393 shares during the last quarter. Nordea Investment Management AB lifted its stake in Veralto by 34.6% during the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company’s stock valued at $400,928,000 after acquiring an additional 1,009,170 shares during the period. FMR LLC boosted its holdings in shares of Veralto by 5.1% in the 3rd quarter. FMR LLC now owns 3,329,717 shares of the company’s stock valued at $372,462,000 after acquiring an additional 162,347 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Veralto by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 2,885,996 shares of the company’s stock valued at $322,827,000 after acquiring an additional 11,430 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

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

Veralto Stock Up 0.0 %

Shares of VLTO opened at $97.72 on Friday. The firm has a market cap of $24.17 billion, a P/E ratio of 29.26, a PEG ratio of 4.25 and a beta of 1.06. Veralto Co. has a 12 month low of $83.34 and a 12 month high of $115.00. The stock’s 50 day moving average is $101.70 and its two-hundred day moving average is $105.99. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Analysts predict that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 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 of this dividend was Tuesday, December 31st. This is an increase from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio is 13.17%.

Insider Activity at Veralto

In other Veralto news, SVP Melissa Aquino sold 463 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the transaction, the senior vice president now owns 20,761 shares in the company, valued at approximately $2,067,795.60. This trade represents a 2.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Veralto Company 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.