Addison Capital Co Acquires 1,736 Shares of Veralto Co. (NYSE:VLTO)

Addison Capital Co lifted its stake in Veralto Co. (NYSE:VLTO) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,856 shares of the company’s stock after acquiring an additional 1,736 shares during the quarter. Addison Capital Co’s holdings in Veralto were worth $1,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Aptus Capital Advisors LLC bought a new stake in shares of Veralto during the 3rd quarter worth approximately $232,000. Victory Capital Management Inc. raised its position in Veralto by 5.2% during the third quarter. Victory Capital Management Inc. now owns 100,884 shares of the company’s stock worth $11,285,000 after acquiring an additional 5,030 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Veralto by 94.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,419 shares of the company’s stock worth $606,000 after purchasing an additional 2,628 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Veralto by 17.3% in the 3rd quarter. CIBC Asset Management Inc now owns 36,964 shares of the company’s stock valued at $4,135,000 after purchasing an additional 5,454 shares during the period. Finally, Empirical Finance LLC lifted its stake in Veralto by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 7,533 shares of the company’s stock valued at $843,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Insider Activity at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the firm’s stock in a transaction 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 owns 104,496 shares of the company’s stock, valued at approximately $10,486,173.60. This trade represents a 9.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of the business’s stock in a transaction on 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 directly owns 8,470 shares of the company’s stock, valued at $849,964.50. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,467 shares of company stock valued at $1,150,366 over the last quarter. 0.31% of the stock is owned by corporate insiders.

Veralto Trading Up 2.4 %

VLTO stock opened at $98.05 on Monday. Veralto Co. has a 52 week low of $85.91 and a 52 week high of $115.00. 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 company’s 50-day simple moving average is $100.28 and its 200 day simple moving average is $104.82. The company has a market capitalization of $24.27 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. As a group, sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

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 given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s payout ratio is currently 13.17%.

Analyst Upgrades and Downgrades

VLTO has been the topic of a number of recent analyst reports. Citigroup lowered their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada dropped their price target 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 price objective 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. Finally, 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 objective on the stock. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.50.

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.