Sanctuary Advisors LLC Increases Position in Veralto Co. (NYSE:VLTO)

Sanctuary Advisors LLC increased its stake in shares of Veralto Co. (NYSE:VLTO) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,993 shares of the company’s stock after purchasing an additional 293 shares during the quarter. Sanctuary Advisors LLC’s holdings in Veralto were worth $1,661,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Veralto by 10.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,858 shares of the company’s stock valued at $1,326,000 after buying an additional 1,103 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Veralto by 0.9% during the 3rd quarter. Private Advisor Group LLC now owns 15,282 shares of the company’s stock worth $1,709,000 after acquiring an additional 141 shares in the last quarter. International Assets Investment Management LLC raised its stake 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 acquiring an additional 106,266 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Veralto by 8.3% during the third quarter. Assenagon Asset Management S.A. now owns 12,226 shares of the company’s stock valued at $1,368,000 after acquiring an additional 936 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake 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 in the last quarter. Institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling at Veralto

In related news, SVP Melissa Aquino sold 463 shares of the business’s stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.31% of the company’s stock.

Veralto Price Performance

Shares of NYSE VLTO opened at $100.04 on Tuesday. Veralto Co. has a 52 week low of $85.70 and a 52 week high of $115.00. The business’s 50 day moving average price is $101.33 and its 200 day moving average price is $105.88. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The firm has a market cap of $24.74 billion, a P/E ratio of 29.95, a P/E/G ratio of 4.24 and a beta of 1.06.

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

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.11 per share. This is an increase from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, December 31st. Veralto’s dividend payout ratio (DPR) is currently 13.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus reduced their price target on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Citigroup decreased their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. 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. Finally, Jefferies Financial Group assumed coverage on shares of Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $112.55.

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.