Veralto Co. (NYSE:VLTO) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Veralto Co. (NYSE:VLTO) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,967 shares of the company’s stock after purchasing an additional 117 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Veralto were worth $302,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Empowered Funds LLC raised its stake in shares of Veralto by 5.2% in the third quarter. Empowered Funds LLC now owns 3,478 shares of the company’s stock worth $389,000 after purchasing an additional 172 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Veralto by 4.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 13,475 shares of the company’s stock worth $1,507,000 after buying an additional 560 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Veralto by 262.5% during the 3rd quarter. Avior Wealth Management LLC now owns 1,084 shares of the company’s stock valued at $121,000 after acquiring an additional 785 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in shares of Veralto by 21.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,015 shares of the company’s stock valued at $337,000 after acquiring an additional 534 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Veralto by 10.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,549,716 shares of the company’s stock valued at $173,351,000 after acquiring an additional 141,209 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Stock Down 0.6 %

Shares of VLTO opened at $97.56 on Monday. The firm has a market cap of $24.15 billion, a P/E ratio of 29.21, a PEG ratio of 4.24 and a beta of 1.11. Veralto Co. has a 12 month low of $85.91 and a 12 month high of $115.00. The stock’s 50 day moving average is $99.98 and its two-hundred day moving average is $104.35. 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 (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS 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 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s dividend payout ratio is presently 13.17%.

Insider Buying and Selling

In other news, CEO Jennifer Honeycutt sold 10,414 shares of Veralto stock in a transaction that occurred on 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 directly owns 104,496 shares of the company’s stock, valued at $10,486,173.60. The trade was a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Melissa Aquino sold 463 shares of the 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 of the company’s stock, valued at approximately $2,067,795.60. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,467 shares of company stock worth $1,150,366. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

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

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.