Capital International Inc. CA Increases Stake in Veralto Co. (NYSE:VLTO)

Capital International Inc. CA grew its position in Veralto Co. (NYSE:VLTO) by 32.5% during the 4th quarter, Holdings Channel reports. The fund owned 34,442 shares of the company’s stock after buying an additional 8,451 shares during the quarter. Capital International Inc. CA’s holdings in Veralto were worth $3,508,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in VLTO. Bernard Wealth Management Corp. acquired a new stake in Veralto in the fourth quarter valued at about $25,000. OFI Invest Asset Management acquired a new stake in shares of Veralto in the 4th quarter valued at approximately $26,000. BankPlus Trust Department purchased a new stake in shares of Veralto in the fourth quarter valued at approximately $29,000. Albion Financial Group UT boosted its stake in shares of Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after buying an additional 336 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in Veralto during the fourth quarter worth $42,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Up 0.3 %

VLTO stock opened at $89.59 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. Veralto Co. has a 12 month low of $83.87 and a 12 month high of $115.00. The firm 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. The company’s 50 day simple moving average is $95.86 and its 200-day simple moving average is $101.68.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. Equities analysts expect 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. Investors of record on Monday, March 31st will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s payout ratio is 13.17%.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $98.56, for a total value of $1,026,403.84. Following the completion of the transaction, the chief executive officer now directly owns 116,637 shares in the company, valued at approximately $11,495,742.72. This represents a 8.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of the sale, the senior vice president now owns 8,470 shares of the company’s stock, valued at $849,964.50. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,471 shares of company stock worth $2,234,030. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the topic of several research analyst reports. Royal Bank of Canada decreased their target price on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Stifel Nicolaus decreased their price objective on shares of Veralto from $110.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup dropped their target price on shares of Veralto from $116.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Six 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, the company currently has an average rating of “Hold” and a consensus target price of $111.10.

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.