National Bank of Canada FI Has $41.04 Million Stake in Veralto Co. (NYSE:VLTO)

National Bank of Canada FI boosted its holdings in Veralto Co. (NYSE:VLTO) by 315.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 402,805 shares of the company’s stock after purchasing an additional 305,855 shares during the quarter. National Bank of Canada FI owned about 0.16% of Veralto worth $41,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. OFI Invest Asset Management acquired a new position in shares of Veralto during the fourth quarter valued at about $26,000. BankPlus Trust Department acquired a new position in Veralto during the 4th quarter valued at about $29,000. Albion Financial Group UT increased its holdings in Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after purchasing an additional 336 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Veralto in the fourth quarter worth approximately $42,000. Finally, Erste Asset Management GmbH purchased a new stake in shares of Veralto in the third quarter worth approximately $46,000. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

NYSE:VLTO opened at $98.72 on Thursday. 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 firm has a market cap of $24.49 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 4.24 and a beta of 0.97. Veralto Co. has a 52-week low of $85.91 and a 52-week high of $115.00. The business’s fifty day moving average is $99.18 and its 200 day moving average is $103.73.

Veralto (NYSE:VLTO) last issued 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%. Research analysts predict that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. Veralto’s payout ratio is presently 13.17%.

Wall Street Analysts Forecast Growth

VLTO has been the subject of several recent research reports. Jefferies Financial Group assumed coverage on Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price target for the company. Stifel Nicolaus lowered their target price on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Royal Bank of Canada cut their price target on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Finally, Citigroup decreased their price objective 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Veralto has a consensus rating of “Hold” and a consensus price target of $113.50.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Melissa Aquino sold 463 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction 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 trade represents a 2.18 % decrease in their ownership of the stock. 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. 0.31% of the stock is owned by company insiders.

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.