RWA Wealth Partners LLC Grows Stake in Veralto Co. (NYSE:VLTO)

RWA Wealth Partners LLC boosted its stake in Veralto Co. (NYSE:VLTO) by 9.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,987 shares of the company’s stock after buying an additional 175 shares during the quarter. RWA Wealth Partners LLC’s holdings in Veralto were worth $202,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VLTO. Savant Capital LLC lifted its position in shares of 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 boosted its stake in Veralto by 19.4% during the 4th quarter. Allworth Financial LP now owns 622 shares of the company’s stock worth $64,000 after purchasing an additional 101 shares during the last quarter. Insigneo Advisory Services LLC grew 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 buying an additional 103 shares in the last quarter. Quent Capital LLC raised its position in shares of Veralto by 17.3% in the fourth quarter. Quent Capital LLC now owns 699 shares of the company’s stock valued at $71,000 after buying an additional 103 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Veralto by 35.3% in the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock worth $43,000 after buying an additional 109 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the business’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 $59,206.50. Following the completion of the transaction, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 shares of the 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 sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold a total of 21,881 shares of company stock valued at $2,176,770 in the last three months. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Veralto Price Performance

Shares of VLTO opened at $97.61 on Wednesday. The firm has a 50-day simple moving average of $99.26 and a two-hundred day simple moving average of $103.77. The stock has a market cap of $24.16 billion, a PE ratio of 29.23, a P/E/G ratio of 4.24 and a beta of 1.11. Veralto Co. has a 1-year low of $85.91 and a 1-year high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

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

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.