Steward Partners Investment Advisory LLC Purchases 761 Shares of Veralto Co. (NYSE:VLTO)

Steward Partners Investment Advisory LLC increased its position in shares of Veralto Co. (NYSE:VLTO) by 21.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,306 shares of the company’s stock after purchasing an additional 761 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Veralto were worth $439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Savant Capital LLC increased its position in shares of Veralto by 0.5% during the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock valued at $2,055,000 after purchasing an additional 98 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Veralto by 2.6% during the third quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock valued at $431,000 after purchasing an additional 99 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Veralto by 1.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company’s stock valued at $821,000 after purchasing an additional 100 shares during the period. Allworth Financial LP boosted its stake in Veralto by 19.4% in the 4th quarter. Allworth Financial LP now owns 622 shares of the company’s stock valued at $64,000 after buying an additional 101 shares in the last quarter. Finally, Insigneo Advisory Services LLC boosted its stake in Veralto by 1.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock valued at $645,000 after buying an additional 103 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VLTO has been the topic of several recent analyst reports. Stifel Nicolaus decreased 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. Royal Bank of Canada decreased 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. Citigroup decreased their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, Jefferies Financial Group initiated coverage on Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $113.50.

Veralto Price Performance

Veralto stock opened at $95.41 on Thursday. 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 firm has a market cap of $23.62 billion, a P/E ratio of 28.57, a P/E/G ratio of 4.24 and a beta of 1.11. The business’s fifty day moving average is $100.43 and its two-hundred day moving average is $105.06. Veralto Co. has a 52 week low of $85.90 and a 52 week high of $115.00.

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

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.46%. Veralto’s payout ratio is currently 13.17%.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 590 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of the business’s 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 sale, the chief executive officer now owns 104,496 shares of the company’s stock, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,467 shares of company stock worth $1,150,366 over the last 90 days. 0.31% of the stock is owned by insiders.

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.