Veralto Co. (NYSE:VLTO) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its holdings in shares of Veralto Co. (NYSE:VLTO) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,023 shares of the company’s stock after purchasing an additional 363 shares during the period. Frank Rimerman Advisors LLC’s holdings in Veralto were worth $512,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of VLTO. Aptus Capital Advisors LLC acquired a new stake in shares of Veralto in the 3rd quarter worth $232,000. Victory Capital Management Inc. lifted its stake in shares of Veralto by 5.2% in the 3rd 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 during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Veralto by 94.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,419 shares of the company’s stock worth $606,000 after acquiring an additional 2,628 shares during the period. CIBC Asset Management Inc lifted its stake 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 worth $4,135,000 after acquiring an additional 5,454 shares during the period. Finally, Empirical Finance LLC lifted its stake in shares of Veralto by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 7,533 shares of the company’s stock worth $843,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Stock Performance

NYSE:VLTO opened at $98.05 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $100.28 and a two-hundred day moving average price of $104.82. Veralto Co. has a twelve month low of $85.91 and a twelve month high of $115.00. The company has a market capitalization of $24.27 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 4.24 and a beta of 1.11.

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

Veralto Dividend Announcement

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 issued a dividend of $0.11 per share. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. Veralto’s dividend payout ratio (DPR) is presently 13.17%.

Insider Transactions at Veralto

In other news, CEO Jennifer Honeycutt sold 10,414 shares of Veralto stock in a transaction dated Tuesday, February 25th. The shares were 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 in the company, valued at $10,486,173.60. The trade was a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $59,206.50. Following the sale, the senior vice president now owns 8,470 shares of the company’s stock, valued at approximately $849,964.50. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,467 shares of company stock worth $1,150,366 over the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.