Xponance Inc. Buys 1,442 Shares of Veralto Co. (NYSE:VLTO)

Xponance Inc. raised its stake in shares of Veralto Co. (NYSE:VLTO) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 45,950 shares of the company’s stock after purchasing an additional 1,442 shares during the period. Xponance Inc.’s holdings in Veralto were worth $4,680,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. OFI Invest Asset Management bought a new stake in shares of Veralto during the 4th quarter valued at $26,000. BankPlus Trust Department bought a new stake in Veralto during the fourth quarter valued at about $29,000. Albion Financial Group UT lifted its position 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 acquiring an additional 336 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Veralto in the fourth quarter worth about $42,000. Finally, Erste Asset Management GmbH purchased a new stake in shares of Veralto during the third quarter worth about $46,000. Institutional investors own 91.28% of the company’s stock.

Veralto Price Performance

Shares of Veralto stock opened at $98.14 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. Veralto Co. has a one year low of $85.91 and a one year high of $115.00. The stock has a market cap of $24.29 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11. The stock has a 50 day moving average price of $100.03 and a 200-day moving average price of $104.54.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates 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 EPS for the current year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis 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 presently 13.17%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the transaction, the senior vice president now directly owns 8,470 shares in the company, valued at approximately $849,964.50. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Melissa Aquino sold 463 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,467 shares of company stock worth $1,150,366 in the last ninety days. 0.31% of the stock is owned by company insiders.

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.