Veralto Co. (NYSE:VLTO) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. trimmed its holdings in Veralto Co. (NYSE:VLTO) by 31.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,408 shares of the company’s stock after selling 643 shares during the quarter. Centaurus Financial Inc.’s holdings in Veralto were worth $143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in VLTO. David Wealth Management LLC bought a new position in shares of Veralto in the fourth quarter worth $1,013,000. Elo Mutual Pension Insurance Co lifted its holdings in Veralto by 15.5% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 25,236 shares of the company’s stock worth $2,570,000 after purchasing an additional 3,392 shares during the period. Figure 8 Investment Strategies LLC bought a new position in Veralto in the 4th quarter valued at about $1,446,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Veralto by 4.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,967 shares of the company’s stock valued at $302,000 after buying an additional 117 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Veralto by 12.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 100,376 shares of the company’s stock worth $10,223,000 after buying an additional 11,026 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on VLTO. Stifel Nicolaus increased their price target on Veralto from $102.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Robert W. Baird raised their target price on Veralto from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Citigroup lowered 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. Northcoast Research began coverage on shares of Veralto in a report on Tuesday, May 6th. They issued a “buy” rating and a $110.00 price target for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Veralto from $103.00 to $104.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 1st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $110.09.

Insider Activity

In related news, SVP Surekha Trivedi sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total transaction of $57,259.50. Following the transaction, the senior vice president now directly owns 10,011 shares of the company’s stock, valued at approximately $971,567.55. The trade was a 5.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Lesley Beneteau sold 458 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $100.84, for a total transaction of $46,184.72. Following the completion of the transaction, the senior vice president now owns 13,571 shares in the company, valued at approximately $1,368,499.64. This represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,069 shares of company stock worth $5,337,767 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Veralto Price Performance

VLTO stock opened at $100.92 on Monday. Veralto Co. has a one year low of $83.87 and a one year high of $115.00. The firm has a 50-day moving average of $95.07 and a two-hundred day moving average of $99.46. The firm has a market capitalization of $25.01 billion, a PE ratio of 30.22, a P/E/G ratio of 4.24 and a beta of 0.99. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, analysts forecast that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. Veralto’s payout ratio is currently 12.57%.

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.