Sei Investments Co. Grows Stake in Veralto Co. (NYSE:VLTO)

Sei Investments Co. grew its holdings in shares of Veralto Co. (NYSE:VLTO) by 52.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 362,350 shares of the company’s stock after purchasing an additional 125,198 shares during the period. Sei Investments Co. owned approximately 0.15% of Veralto worth $36,905,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VLTO. Nordea Investment Management AB raised its stake in Veralto by 34.6% in the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company’s stock valued at $400,928,000 after buying an additional 1,009,170 shares during the last quarter. State Street Corp increased its holdings in shares of Veralto by 9.8% during the third 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. Principal Financial Group Inc. raised its position in shares of Veralto by 207.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company’s stock valued at $125,608,000 after purchasing an additional 757,389 shares during the last quarter. Geode Capital Management LLC grew its position in Veralto by 10.5% during 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. Finally, Raymond James Financial Inc. acquired a new position in Veralto during the 4th quarter valued at approximately $51,986,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the transaction, the chief executive officer now directly owns 104,496 shares of the company’s stock, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Melissa Aquino sold 463 shares of the business’s 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 $2,067,795.60. This represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,467 shares of company stock worth $1,150,366. 0.31% of the stock is owned by corporate insiders.

Veralto Trading Up 0.5 %

Shares of NYSE:VLTO opened at $98.27 on Tuesday. The company has a market capitalization of $24.33 billion, a PE ratio of 29.42, a PEG ratio of 4.24 and a beta of 1.11. Veralto Co. has a 12-month low of $85.91 and a 12-month high of $115.00. The business has a 50 day moving average of $99.93 and a two-hundred day moving average of $104.27. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27.

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 analysts’ consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. As a group, analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. Veralto’s payout ratio is 13.17%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VLTO shares. Stifel Nicolaus lowered their price objective on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. 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. Jefferies Financial Group began coverage on Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Citigroup dropped their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.50.

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.