Veralto Co. (NYSE:VLTO) Shares Purchased by Stevens Capital Management LP

Stevens Capital Management LP raised its holdings in shares of Veralto Co. (NYSE:VLTO) by 213.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,022 shares of the company’s stock after buying an additional 14,315 shares during the period. Veralto comprises 0.9% of Stevens Capital Management LP’s investment portfolio, making the stock its 21st largest position. Stevens Capital Management LP’s holdings in Veralto were worth $2,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC raised its stake in shares of Veralto by 5.2% during the third quarter. Empowered Funds LLC now owns 3,478 shares of the company’s stock valued at $389,000 after purchasing an additional 172 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Veralto by 4.3% during the third quarter. Thrivent Financial for Lutherans now owns 13,475 shares of the company’s stock valued at $1,507,000 after purchasing an additional 560 shares during the period. Pathstone Holdings LLC raised its stake in shares of Veralto by 0.9% during the third quarter. Pathstone Holdings LLC now owns 57,499 shares of the company’s stock valued at $6,432,000 after purchasing an additional 531 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Veralto by 2.5% during the third quarter. PNC Financial Services Group Inc. now owns 95,110 shares of the company’s stock valued at $10,639,000 after purchasing an additional 2,355 shares during the period. Finally, Avior Wealth Management LLC raised its stake in shares of Veralto by 262.5% during the third quarter. Avior Wealth Management LLC now owns 1,084 shares of the company’s stock valued at $121,000 after purchasing an additional 785 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus dropped their price target on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target for the company. Finally, Citigroup dropped their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $113.50.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,414 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $2,067,795.60. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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 Down 0.6 %

VLTO stock opened at $97.56 on Friday. 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 1-year low of $85.91 and a 1-year high of $115.00. The firm has a fifty day moving average price of $99.98 and a two-hundred day moving average price of $104.40. The firm has a market cap of $24.15 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 4.24 and a beta of 1.11.

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

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s dividend payout ratio (DPR) is 13.17%.

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.