Veralto Co. (NYSE:VLTO) Stock Holdings Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in Veralto Co. (NYSE:VLTO) by 11.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,284 shares of the company’s stock after buying an additional 658 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Veralto were worth $640,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. OFI Invest Asset Management purchased a new position in Veralto during the fourth quarter valued at approximately $26,000. BankPlus Trust Department purchased a new position in Veralto during the fourth quarter valued at approximately $29,000. Albion Financial Group UT grew its position in Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after purchasing an additional 336 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in Veralto during the fourth quarter valued at approximately $42,000. Finally, Raleigh Capital Management Inc. grew its position in Veralto by 35.3% during 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. 91.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the company’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 directly owns 104,496 shares in the company, valued at $10,486,173.60. This represents a 9.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction 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 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. Over the last three months, insiders sold 11,467 shares of company stock worth $1,150,366. 0.31% of the stock is owned by insiders.

Veralto Price Performance

Shares of Veralto stock opened at $98.42 on Tuesday. The firm has a fifty day simple moving average of $100.22 and a 200-day simple moving average of $104.72. 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 Co. has a 1-year low of $85.91 and a 1-year high of $115.00. The stock has a market capitalization of $24.36 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 4.24 and a beta of 1.11.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping 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, sell-side analysts expect that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.11 dividend. 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 payout ratio is 13.17%.

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.