Citizens Financial Group Inc. RI Has $410,000 Stock Position in Veralto Co. (NYSE:VLTO)

Citizens Financial Group Inc. RI grew its holdings in Veralto Co. (NYSE:VLTO) by 33.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,029 shares of the company’s stock after purchasing an additional 1,014 shares during the period. Citizens Financial Group Inc. RI’s holdings in Veralto were worth $410,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VLTO. Assetmark Inc. increased its position in shares of Veralto by 10.3% during the 3rd quarter. Assetmark Inc. now owns 18,920 shares of the company’s stock worth $2,116,000 after purchasing an additional 1,768 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Veralto by 2.1% in the third quarter. Crossmark Global Holdings Inc. now owns 12,900 shares of the company’s stock valued at $1,443,000 after buying an additional 261 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in Veralto by 24.8% during the third quarter. Los Angeles Capital Management LLC now owns 6,787 shares of the company’s stock worth $759,000 after buying an additional 1,350 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Veralto during the third quarter worth $25,000. Finally, Apollon Wealth Management LLC raised its position in Veralto by 15.3% during the third quarter. Apollon Wealth Management LLC now owns 7,479 shares of the company’s stock worth $837,000 after acquiring an additional 995 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Analyst Ratings Changes

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

Veralto Trading Up 0.2 %

Shares of Veralto stock opened at $95.61 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. The firm has a 50-day moving average of $100.33 and a 200-day moving average of $105.00. Veralto Co. has a 52-week low of $85.90 and a 52-week high of $115.00. The stock has a market cap of $23.67 billion, a PE ratio of 28.62, a PEG ratio of 4.24 and a beta of 1.11.

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

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, March 31st. Veralto’s payout ratio is 13.17%.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $1,045,044.90. Following the sale, the chief executive officer now owns 104,496 shares in the company, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Surekha Trivedi sold 590 shares of the firm’s stock in a transaction dated 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 owns 8,470 shares of the company’s stock, valued at $849,964.50. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,467 shares of company stock valued at $1,150,366. 0.31% of the stock is currently owned by 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.