Advisory Services Network LLC Makes New $250,000 Investment in Veralto Co. (NYSE:VLTO)

Advisory Services Network LLC acquired a new stake in Veralto Co. (NYSE:VLTO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,457 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bernard Wealth Management Corp. purchased a new stake in Veralto during the 4th quarter worth about $25,000. FIL Ltd increased its stake in shares of Veralto by 16.1% during the fourth quarter. FIL Ltd now owns 414,287 shares of the company’s stock worth $42,195,000 after buying an additional 57,304 shares during the period. Rathbones Group PLC raised its holdings in Veralto by 130.5% in the fourth quarter. Rathbones Group PLC now owns 16,089 shares of the company’s stock valued at $1,639,000 after acquiring an additional 9,108 shares in the last quarter. Invesco Ltd. raised its holdings in Veralto by 9.7% in the fourth quarter. Invesco Ltd. now owns 4,541,367 shares of the company’s stock valued at $462,538,000 after acquiring an additional 401,228 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Veralto by 2.7% in the fourth quarter. Cerity Partners LLC now owns 68,255 shares of the company’s stock worth $7,056,000 after acquiring an additional 1,773 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 590 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total transaction of $57,259.50. Following the completion of the sale, the senior vice president now directly owns 10,011 shares of the company’s stock, valued at $971,567.55. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Melissa Aquino sold 463 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at $2,067,795.60. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,471 shares of company stock valued at $2,234,030 over the last quarter. 0.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on VLTO. Stifel Nicolaus dropped their price objective on shares of Veralto from $110.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday. Citigroup dropped their target price on Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Royal Bank of Canada decreased their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $111.10.

Veralto Trading Up 0.3 %

NYSE:VLTO opened at $89.59 on Friday. The company has a market capitalization of $22.22 billion, a PE ratio of 26.82, a P/E/G ratio of 4.24 and a beta of 0.97. Veralto Co. has a 52-week low of $83.87 and a 52-week high of $115.00. The stock’s 50 day moving average price is $95.86 and its 200 day moving average price is $101.81. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO) last announced its 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%. On average, research analysts anticipate that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.49%. Veralto’s dividend payout ratio (DPR) is 13.17%.

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.