Securian Asset Management Inc. Sells 375 Shares of Veralto Co. (NYSE:VLTO)

Securian Asset Management Inc. reduced its position in shares of Veralto Co. (NYSE:VLTO) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,291 shares of the company’s stock after selling 375 shares during the quarter. Securian Asset Management Inc.’s holdings in Veralto were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VLTO. Los Angeles Capital Management LLC raised its holdings in Veralto by 24.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 6,787 shares of the company’s stock worth $759,000 after purchasing an additional 1,350 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Veralto during the 3rd quarter worth about $25,000. Apollon Wealth Management LLC raised its holdings in Veralto by 15.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 7,479 shares of the company’s stock worth $837,000 after purchasing an additional 995 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Veralto by 3.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 613,625 shares of the company’s stock worth $68,640,000 after purchasing an additional 20,532 shares during the last quarter. Finally, Aptus Capital Advisors LLC bought a new stake in Veralto during the 3rd quarter worth about $232,000. 91.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

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. Also, SVP Surekha Trivedi sold 590 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the transaction, the senior vice president now directly owns 8,470 shares of the company’s stock, valued at approximately $849,964.50. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,467 shares of company stock valued at $1,150,366 in the last quarter. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VLTO shares. Jefferies Financial Group started coverage on Veralto in a research report on Thursday, December 12th. They set a “buy” rating and a $125.00 target price for the company. Stifel Nicolaus decreased their target price on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada decreased their target price on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Finally, Citigroup decreased their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $113.50.

Veralto Price Performance

Shares of 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. The stock has a 50 day simple moving average of $100.28 and a 200 day simple moving average of $104.91. Veralto Co. has a 52-week low of $85.90 and a 52-week high of $115.00. The firm has a market capitalization of $24.27 billion, a PE ratio of 29.36, a P/E/G ratio of 4.24 and a beta of 1.11.

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

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s dividend payout ratio (DPR) is currently 13.17%.

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.