Veralto Co. (NYSE:VLTO) Shares Sold by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE lowered its holdings in shares of Veralto Co. (NYSE:VLTO) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,740 shares of the company’s stock after selling 923 shares during the period. Veralto comprises 2.5% of Regency Capital Management Inc. DE’s portfolio, making the stock its 17th largest holding. Regency Capital Management Inc. DE’s holdings in Veralto were worth $4,659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. AE Wealth Management LLC purchased a new stake in Veralto in the 2nd quarter valued at approximately $202,000. Public Sector Pension Investment Board raised its holdings in shares of Veralto by 61.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,934 shares of the company’s stock worth $471,000 after purchasing an additional 1,877 shares during the period. Bank of Montreal Can grew its holdings in shares of Veralto by 8.9% during the 2nd quarter. Bank of Montreal Can now owns 221,151 shares of the company’s stock worth $21,884,000 after purchasing an additional 18,108 shares during the period. AQR Capital Management LLC increased its position in Veralto by 53.8% during the 2nd quarter. AQR Capital Management LLC now owns 112,233 shares of the company’s stock worth $10,715,000 after purchasing an additional 39,256 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in Veralto by 4.7% in the second quarter. APG Asset Management N.V. now owns 160,133 shares of the company’s stock valued at $14,264,000 after buying an additional 7,129 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Trading Down 1.4 %

VLTO opened at $101.79 on Friday. The stock has a market capitalization of $25.17 billion, a PE ratio of 31.42, a P/E/G ratio of 4.31 and a beta of 1.06. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.87. Veralto Co. has a 12-month low of $75.05 and a 12-month high of $115.00. The firm’s fifty day moving average price is $103.97 and its 200 day moving average price is $106.02.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. As a group, research analysts expect that Veralto Co. will post 3.48 EPS for the current fiscal year.

Veralto Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Tuesday, December 31st. This is an increase from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio (DPR) is currently 13.58%.

Insider Activity

In other news, SVP Surekha Trivedi sold 752 shares of Veralto stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the transaction, the senior vice president now directly owns 10,413 shares of the company’s stock, valued at approximately $1,071,601.83. The trade was a 6.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VLTO. Jefferies Financial Group assumed coverage on shares of Veralto in a research report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective for the company. Stifel Nicolaus lowered their price target on Veralto from $117.00 to $116.00 and set a “buy” rating for the company in a report on Friday. BMO Capital Markets boosted their price objective on Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Royal Bank of Canada raised their target price on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Finally, Citigroup decreased their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $113.18.

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.