Northstar Asset Management Inc. Has $7.87 Million Stake in Veralto Co. (NYSE:VLTO)

Northstar Asset Management Inc. lessened its holdings in shares of Veralto Co. (NYSE:VLTO) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 77,263 shares of the company’s stock after selling 1,063 shares during the period. Veralto accounts for about 2.1% of Northstar Asset Management Inc.’s portfolio, making the stock its 23rd largest position. Northstar Asset Management Inc.’s holdings in Veralto were worth $7,869,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp increased its position in Veralto by 9.8% in the 3rd quarter. State Street Corp now owns 9,599,499 shares of the company’s stock valued at $1,074,654,000 after acquiring an additional 860,608 shares in the last quarter. Geode Capital Management LLC raised its position in Veralto by 10.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company’s stock worth $654,232,000 after purchasing an additional 558,393 shares during the last quarter. Nordea Investment Management AB lifted its holdings in 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 buying an additional 1,009,170 shares in the last quarter. FMR LLC boosted its position in 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 buying an additional 162,347 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake 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 buying an additional 11,430 shares during the period. 91.28% of the stock is owned by institutional investors.

Veralto Trading Down 1.7 %

Shares of NYSE VLTO opened at $98.04 on Tuesday. Veralto Co. has a twelve month low of $83.34 and a twelve month high of $115.00. The stock has a market cap of $24.25 billion, a price-to-earnings ratio of 29.35, a P/E/G ratio of 4.21 and a beta of 1.06. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The company’s fifty day moving average is $102.20 and its 200-day moving average is $106.16.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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 research analysts predict that Veralto Co. will post 3.63 EPS for the current year.

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.11 dividend. 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 a boost from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio is 13.17%.

Analyst Ratings Changes

VLTO has been the topic of several research reports. Royal Bank of Canada cut 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. Stifel Nicolaus cut their target price on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 price target for the company. Finally, Citigroup cut their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $112.55.

Insider Transactions at Veralto

In other Veralto news, SVP Melissa Aquino sold 463 shares of the company’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 transaction of $46,114.80. Following the completion of the transaction, the senior vice president now owns 20,761 shares of the company’s stock, valued at $2,067,795.60. This represents a 2.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is owned by 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.