Private Advisor Group LLC Buys 1,061 Shares of Veralto Co. (NYSE:VLTO)

Private Advisor Group LLC boosted its stake in shares of Veralto Co. (NYSE:VLTO) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,343 shares of the company’s stock after purchasing an additional 1,061 shares during the quarter. Private Advisor Group LLC’s holdings in Veralto were worth $1,665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its position in shares of Veralto by 5.3% in the fourth quarter. Global Retirement Partners LLC now owns 4,579 shares of the company’s stock valued at $466,000 after acquiring an additional 229 shares during the period. New York State Common Retirement Fund boosted its position in shares of Veralto by 3.3% in the fourth quarter. New York State Common Retirement Fund now owns 259,925 shares of the company’s stock valued at $26,473,000 after acquiring an additional 8,293 shares during the period. Schubert & Co boosted its position in shares of Veralto by 52.1% in the fourth quarter. Schubert & Co now owns 16,642 shares of the company’s stock valued at $1,695,000 after acquiring an additional 5,701 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of Veralto by 26.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 5,339 shares of the company’s stock valued at $544,000 after acquiring an additional 1,101 shares during the period. Finally, CIBC Asset Management Inc boosted its position in shares of Veralto by 2.3% in the fourth quarter. CIBC Asset Management Inc now owns 37,811 shares of the company’s stock valued at $3,851,000 after acquiring an additional 847 shares during the period. 91.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $1,045,044.90. Following the completion of the transaction, the chief executive officer now owns 104,496 shares in the company, valued at approximately $10,486,173.60. This represents a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,467 shares of company stock valued at $1,150,366. 0.31% of the stock is currently owned by company insiders.

Veralto Stock Performance

Veralto stock opened at $99.70 on Thursday. The business has a 50 day moving average of $101.25 and a 200-day moving average of $105.80. Veralto Co. has a 1 year low of $85.70 and a 1 year high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The company has a market capitalization of $24.66 billion, a P/E ratio of 29.85, a P/E/G ratio of 4.24 and a beta of 1.06.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating 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%. On average, equities research analysts predict that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders 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 yield of 0.44%. The ex-dividend date was Tuesday, December 31st. This is an increase from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio is currently 13.17%.

Wall Street Analyst Weigh In

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

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.