DF Dent & Co. Inc. Boosts Holdings in Veralto Co. (NYSE:VLTO)

DF Dent & Co. Inc. increased its position in Veralto Co. (NYSE:VLTO) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,680,980 shares of the company’s stock after purchasing an additional 168,346 shares during the quarter. Veralto accounts for 2.2% of DF Dent & Co. Inc.’s portfolio, making the stock its 16th largest position. DF Dent & Co. Inc. owned 0.68% of Veralto worth $171,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Savant Capital LLC raised its holdings in Veralto by 0.5% in the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock valued at $2,055,000 after acquiring an additional 98 shares in the last quarter. Allworth Financial LP increased its stake in Veralto by 19.4% during the fourth quarter. Allworth Financial LP now owns 622 shares of the company’s stock valued at $64,000 after purchasing an additional 101 shares during the last quarter. Insigneo Advisory Services LLC raised its holdings in shares of Veralto by 1.8% during the third quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock worth $645,000 after purchasing an additional 103 shares during the period. Quent Capital LLC lifted its position in shares of Veralto by 17.3% in the 4th quarter. Quent Capital LLC now owns 699 shares of the company’s stock worth $71,000 after buying an additional 103 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Veralto by 35.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock valued at $43,000 after buying an additional 109 shares during the period. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VLTO shares. Royal Bank of Canada dropped their price objective on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. 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 on the stock. Citigroup lowered their price objective on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Finally, Stifel Nicolaus cut their target price on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Veralto currently has an average rating of “Hold” and a consensus price target of $113.50.

Veralto Price Performance

Shares of NYSE VLTO opened at $98.72 on Thursday. The stock has a market cap of $24.49 billion, a P/E ratio of 29.56, a P/E/G ratio of 4.24 and a beta of 0.97. The firm’s 50-day simple moving average is $99.18 and its 200 day simple moving average is $103.73. Veralto Co. has a fifty-two week low of $85.91 and a fifty-two week high of $115.00. The company has a quick ratio of 1.69, a current ratio of 1.92 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 earnings per share for the quarter, topping 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%. Equities analysts expect that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s dividend payout ratio (DPR) is presently 13.17%.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the transaction, the senior vice president now owns 10,011 shares in the company, valued at approximately $971,567.55. The trade was a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the completion of the transaction, the chief executive officer now directly owns 104,496 shares in the company, valued at $10,486,173.60. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,471 shares of company stock valued at $2,234,030. Corporate insiders own 0.31% of the company’s stock.

About Veralto

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.