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

First National Trust Co lowered its stake in Veralto Co. (NYSE:VLTO) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,044 shares of the company’s stock after selling 175 shares during the period. First National Trust Co’s holdings in Veralto were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. OFI Invest Asset Management purchased a new position in shares of Veralto in the 4th quarter valued at about $26,000. BankPlus Trust Department purchased a new position in shares of Veralto in the 4th quarter valued at about $29,000. Albion Financial Group UT increased its holdings in shares of Veralto by 2,100.0% in the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after acquiring an additional 336 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Veralto in the 4th quarter valued at about $42,000. Finally, Erste Asset Management GmbH purchased a new position in shares of Veralto in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on VLTO shares. Citigroup dropped their price objective on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Jefferies Financial Group began coverage on Veralto in a research note on Thursday, December 12th. They set a “buy” rating and a $125.00 price target on the stock. Stifel Nicolaus dropped their price target on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Royal Bank of Canada dropped 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. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $113.50.

Veralto Stock Up 2.4 %

Veralto stock opened at $98.05 on Friday. Veralto Co. has a twelve month low of $85.91 and a twelve month high of $115.00. The stock has a 50 day moving average of $100.28 and a two-hundred day moving average of $104.86. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $24.27 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 4.24 and a beta of 1.11.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. As a group, research analysts expect that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently disclosed 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. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Monday, March 31st. Veralto’s dividend payout ratio is presently 13.17%.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the transaction, the senior vice president now directly owns 8,470 shares in the company, valued at approximately $849,964.50. This represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction that occurred 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 approximately $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,467 shares of company stock worth $1,150,366. 0.31% of the stock is owned by corporate insiders.

About Veralto

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.