Veralto Co. (NYSE:VLTO) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P reduced its stake in Veralto Co. (NYSE:VLTO) by 2.5% during the 4th quarter, Holdings Channel reports. The fund owned 313,111 shares of the company’s stock after selling 7,896 shares during the period. Loomis Sayles & Co. L P’s holdings in Veralto were worth $31,890,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. OFI Invest Asset Management acquired a new position in Veralto in the 4th quarter valued at about $26,000. BankPlus Trust Department acquired a new position in shares of Veralto in the fourth quarter valued at approximately $29,000. Albion Financial Group UT lifted its stake in shares of Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after buying an additional 336 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of Veralto during the fourth quarter valued at approximately $42,000. Finally, Raleigh Capital Management Inc. boosted its position in Veralto by 35.3% during the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock worth $43,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Trading Up 0.3 %

NYSE VLTO opened at $98.05 on Friday. 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 one year low of $85.91 and a one year high of $115.00. The company’s 50 day moving average price is $99.62 and its 200 day moving average price is $104.11. The firm has a market capitalization of $24.27 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 4.24 and a beta of 1.11.

Veralto (NYSE:VLTO) last posted 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 net margin of 16.04% and a return on equity of 49.29%. On average, sell-side analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. Veralto’s payout ratio is currently 13.17%.

Insider Buying and Selling

In related news, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the sale, the senior vice president now owns 20,761 shares of the company’s stock, valued at $2,067,795.60. The trade was a 2.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the completion of the transaction, the chief executive officer now directly owns 116,637 shares of the company’s stock, valued at approximately $11,495,742.72. The trade was a 8.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,881 shares of company stock valued at $2,176,770. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Citigroup reduced their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group began coverage on Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price on the stock. Stifel Nicolaus lowered their price target on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Royal Bank of Canada cut their price objective on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Veralto currently has a consensus rating of “Hold” and an average price target of $113.50.

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.