Clearbridge Investments LLC Sells 115,205 Shares of Veralto Co. (NYSE:VLTO)

Clearbridge Investments LLC decreased its holdings in Veralto Co. (NYSE:VLTO) by 7.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,352,960 shares of the company’s stock after selling 115,205 shares during the period. Clearbridge Investments LLC’s holdings in Veralto were worth $137,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PEAK6 Investments LLC grew its position in shares of Veralto by 246.3% in the 3rd quarter. PEAK6 Investments LLC now owns 8,733 shares of the company’s stock valued at $977,000 after buying an additional 6,211 shares during the last quarter. Nordea Investment Management AB boosted its holdings 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 acquiring an additional 1,009,170 shares during the last quarter. Park Avenue Securities LLC increased its position in Veralto by 18.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,228 shares of the company’s stock valued at $1,755,000 after purchasing an additional 2,676 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Veralto by 10.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 163,227 shares of the company’s stock worth $18,259,000 after purchasing an additional 15,048 shares during the last quarter. Finally, Czech National Bank lifted its position in shares of Veralto by 6.5% in the 4th quarter. Czech National Bank now owns 53,622 shares of the company’s stock worth $5,461,000 after purchasing an additional 3,284 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 104,496 shares in the company, valued at $10,486,173.60. This trade represents a 9.06 % 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 Surekha Trivedi sold 590 shares of Veralto stock in a transaction dated 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 transaction, the senior vice president now owns 8,470 shares of the company’s stock, valued at $849,964.50. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,881 shares of company stock valued at $2,176,770. Company insiders own 0.31% of the company’s stock.

Veralto Trading Down 2.0 %

NYSE VLTO opened at $95.97 on Monday. The business’s fifty day moving average is $99.48 and its 200-day moving average is $103.94. 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 stock has a market capitalization of $23.76 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 4.24 and a beta of 1.11. Veralto Co. has a one year low of $85.91 and a one year high of $115.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Equities research analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.46%. Veralto’s payout ratio is 13.17%.

Analyst Ratings Changes

VLTO has been the subject of several recent analyst reports. Jefferies Financial Group began 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. Citigroup lowered their price objective on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada dropped their price objective 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. Finally, Stifel Nicolaus decreased their target price on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.50.

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.