Northwest & Ethical Investments L.P. Sells 4,910 Shares of Veralto Co. (NYSE:VLTO)

Northwest & Ethical Investments L.P. decreased its position in Veralto Co. (NYSE:VLTO) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 198,630 shares of the company’s stock after selling 4,910 shares during the quarter. Northwest & Ethical Investments L.P. owned approximately 0.08% of Veralto worth $20,230,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Veralto by 9.8% in the third quarter. State Street Corp now owns 9,599,499 shares of the company’s stock worth $1,074,654,000 after buying an additional 860,608 shares during the period. Amundi raised its stake in shares of Veralto by 2.3% in the fourth quarter. Amundi now owns 7,169,702 shares of the company’s stock worth $731,084,000 after buying an additional 158,342 shares during the period. Geode Capital Management LLC raised its stake in shares of Veralto by 10.5% in the third quarter. Geode Capital Management LLC now owns 5,868,620 shares of the company’s stock worth $654,232,000 after buying an additional 558,393 shares during the period. Nordea Investment Management AB grew its position in shares of Veralto by 34.6% during the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company’s stock worth $400,928,000 after purchasing an additional 1,009,170 shares in the last quarter. Finally, FMR LLC grew its position in shares of Veralto by 5.1% during the third quarter. FMR LLC now owns 3,329,717 shares of the company’s stock worth $372,462,000 after purchasing an additional 162,347 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 10,414 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the completion of the sale, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Melissa Aquino sold 463 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $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 90 days, insiders sold 11,467 shares of company stock worth $1,150,366. 0.31% of the stock is currently owned by company insiders.

Veralto Stock Performance

NYSE VLTO opened at $99.29 on Thursday. The stock has a market capitalization of $24.58 billion, a PE ratio of 29.73, a P/E/G ratio of 4.24 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The business has a 50 day simple moving average of $100.11 and a two-hundred day simple moving average of $104.59. Veralto Co. has a 1-year low of $85.91 and a 1-year high of $115.00.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. On average, research analysts predict that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, March 31st. Veralto’s dividend payout ratio (DPR) is 13.17%.

Wall Street Analysts Forecast Growth

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