Veralto Co. (NYSE:VLTO) Shares Sold by Boston Financial Mangement LLC

Boston Financial Mangement LLC lessened its holdings in shares of Veralto Co. (NYSE:VLTO) by 9.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,546 shares of the company’s stock after selling 1,194 shares during the period. Boston Financial Mangement LLC’s holdings in Veralto were worth $1,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PEAK6 Investments LLC raised its position in shares of Veralto by 246.3% during the 3rd quarter. PEAK6 Investments LLC now owns 8,733 shares of the company’s stock worth $977,000 after acquiring an additional 6,211 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Veralto by 34.6% during the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company’s stock worth $400,928,000 after acquiring an additional 1,009,170 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Veralto by 18.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,228 shares of the company’s stock worth $1,755,000 after acquiring an additional 2,676 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Veralto by 10.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 163,227 shares of the company’s stock worth $18,259,000 after acquiring an additional 15,048 shares in the last quarter. Finally, Czech National Bank raised its position in shares of Veralto by 6.5% during the 4th quarter. Czech National Bank now owns 53,622 shares of the company’s stock worth $5,461,000 after acquiring an additional 3,284 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Trading Up 0.0 %

Shares of VLTO stock opened at $97.72 on Friday. The business’s 50 day moving average is $101.70 and its two-hundred day moving average is $105.99. Veralto Co. has a twelve month low of $83.34 and a twelve month high of $115.00. The company has a market capitalization of $24.17 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 4.24 and a beta of 1.06. 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 announced its earnings results 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 analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $0.11 dividend. This is an increase from Veralto’s previous quarterly dividend of $0.09. 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. Veralto’s dividend payout ratio (DPR) is 13.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VLTO shares. Citigroup cut their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus cut 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. Royal Bank of Canada dropped their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Finally, Jefferies Financial Group started coverage on Veralto in a research note on Thursday, December 12th. They set a “buy” rating and a $125.00 price target on the stock. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $112.55.

Insider Buying and Selling at Veralto

In other news, SVP Melissa Aquino sold 463 shares of the firm’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 value of $46,114.80. Following the completion of the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% 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.