Allworth Financial LP Raises Stake in Veralto Co. (NYSE:VLTO)

Allworth Financial LP lifted its stake in shares of Veralto Co. (NYSE:VLTO) by 19.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 622 shares of the company’s stock after acquiring an additional 101 shares during the period. Allworth Financial LP’s holdings in Veralto were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in Veralto by 10.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,858 shares of the company’s stock worth $1,326,000 after purchasing an additional 1,103 shares during the period. Private Advisor Group LLC grew its stake in shares of Veralto by 0.9% in the 3rd quarter. Private Advisor Group LLC now owns 15,282 shares of the company’s stock valued at $1,709,000 after buying an additional 141 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Veralto by 23,720.1% during the 3rd quarter. International Assets Investment Management LLC now owns 106,714 shares of the company’s stock worth $11,937,000 after buying an additional 106,266 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Veralto by 8.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 12,226 shares of the company’s stock valued at $1,368,000 after buying an additional 936 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in Veralto by 12.1% in the third quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock valued at $1,555,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling

In related news, SVP Melissa Aquino sold 463 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, the senior vice president now owns 20,761 shares of the company’s stock, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is currently owned by insiders.

Veralto Stock Up 1.9 %

Shares of NYSE:VLTO opened at $100.04 on Tuesday. The firm has a market capitalization of $24.74 billion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 4.24 and a beta of 1.06. Veralto Co. has a 1 year low of $85.70 and a 1 year high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The firm’s 50-day moving average is $101.33 and its two-hundred day moving average is $105.88.

Veralto (NYSE:VLTO) last announced 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 net margin of 16.04% and a return on equity of 49.29%. Analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.11 dividend. 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 yield of 0.44%. Veralto’s dividend payout ratio (DPR) is 13.17%.

Analyst Ratings Changes

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

Veralto Company 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.