Veralto Co. (NYSE:VLTO) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its position in shares of Veralto Co. (NYSE:VLTO) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,300 shares of the company’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Veralto were worth $1,355,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of VLTO. Ashton Thomas Securities LLC bought a new stake in shares of Veralto during the third quarter valued at about $25,000. Raleigh Capital Management Inc. raised its stake in shares of Veralto by 692.3% during the third quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares in the last quarter. Albion Financial Group UT raised its stake in shares of 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. bought a new stake in shares of Veralto during the fourth quarter valued at about $42,000. Finally, Versant Capital Management Inc raised its position in Veralto by 140.1% in the fourth quarter. Versant Capital Management Inc now owns 437 shares of the company’s stock worth $45,000 after acquiring an additional 255 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Transactions at Veralto

In other news, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the transaction, the senior vice president now directly owns 20,761 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on VLTO. Royal Bank of Canada dropped their price target on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Citigroup dropped their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Jefferies Financial Group initiated coverage on shares of Veralto in a research report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target on the stock. Finally, Stifel Nicolaus cut their price objective on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $112.55.

Veralto Stock Down 1.7 %

VLTO opened at $98.04 on Monday. The business has a 50 day moving average price of $102.20 and a 200 day moving average price of $106.16. Veralto Co. has a twelve month low of $83.34 and a twelve month high of $115.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.87 and a current ratio of 1.92. The firm has a market cap of $24.25 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 4.21 and a beta of 1.06.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. Research analysts forecast that Veralto Co. will post 3.63 EPS for the current year.

Veralto Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. Veralto’s payout ratio is 13.17%.

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.