Veralto Co. (NYSE:VLTO) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its stake in shares of Veralto Co. (NYSE:VLTO) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 201,584 shares of the company’s stock after selling 8,707 shares during the period. Rockefeller Capital Management L.P.’s holdings in Veralto were worth $20,530,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Savant Capital LLC raised its stake in shares of Veralto by 0.5% during the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock worth $2,055,000 after buying an additional 98 shares during the last quarter. Allworth Financial LP increased its holdings in Veralto by 19.4% during the 4th quarter. Allworth Financial LP now owns 622 shares of the company’s stock valued at $64,000 after acquiring an additional 101 shares in the last quarter. Quent Capital LLC raised its position in Veralto by 17.3% during the fourth quarter. Quent Capital LLC now owns 699 shares of the company’s stock worth $71,000 after acquiring an additional 103 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Veralto by 35.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock valued at $43,000 after purchasing an additional 109 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in shares of Veralto by 2.9% in the fourth quarter. Ballentine Partners LLC now owns 4,111 shares of the company’s stock valued at $419,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Stock Up 1.1 %

Shares of NYSE:VLTO opened at $90.64 on Tuesday. Veralto Co. has a 12-month low of $83.87 and a 12-month high of $115.00. The stock’s 50-day moving average price is $96.63 and its two-hundred day moving average price is $102.28. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 4.24 and a beta of 0.97.

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

Veralto Dividend Announcement

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 given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s dividend payout ratio (DPR) is currently 13.17%.

Insider Activity at Veralto

In other Veralto news, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 10,011 shares of the company’s stock, valued at approximately $971,567.55. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,471 shares of company stock worth $2,234,030. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VLTO shares. Royal Bank of Canada lowered their target price on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Citigroup reduced their price objective on Veralto from $116.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Stifel Nicolaus dropped their price objective on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $111.90.

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.