Veralto Co. (NYSE:VLTO) Shares Sold by First Bank & Trust

First Bank & Trust decreased its holdings in shares of Veralto Co. (NYSE:VLTO) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,039 shares of the company’s stock after selling 127 shares during the quarter. First Bank & Trust’s holdings in Veralto were worth $1,532,000 as of its most recent SEC filing.

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

Insider Transactions at Veralto

In other news, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

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

Veralto Trading Down 0.2 %

NYSE:VLTO opened at $97.72 on Thursday. The business’s 50-day moving average is $101.85 and its two-hundred day moving average is $106.04. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. Veralto Co. has a 12 month low of $83.34 and a 12 month high of $115.00. The firm has a market capitalization of $24.17 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 4.25 and a beta of 1.06.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS 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%. Research analysts predict that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. This is a positive change from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, December 31st. Veralto’s payout ratio is presently 13.17%.

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.