EverSource Wealth Advisors LLC Has $107,000 Position in Veralto Co. (NYSE:VLTO)

EverSource Wealth Advisors LLC lifted its holdings in shares of Veralto Co. (NYSE:VLTO) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,054 shares of the company’s stock after purchasing an additional 213 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Veralto were worth $107,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VLTO. OFI Invest Asset Management acquired a new stake in shares of Veralto during the fourth quarter worth about $26,000. BankPlus Trust Department acquired a new stake in shares of Veralto during the fourth quarter worth about $29,000. Albion Financial Group UT raised its position in shares of Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after purchasing an additional 336 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Veralto during the fourth quarter worth about $42,000. Finally, Raleigh Capital Management Inc. raised its position in shares of Veralto by 35.3% during the fourth quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock worth $43,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling

In other Veralto news, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction dated 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 owns 20,761 shares in the company, valued at approximately $2,067,795.60. The trade was a 2.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Surekha Trivedi sold 590 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,467 shares of company stock worth $1,150,366 in the last 90 days. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

Veralto Price Performance

Shares of NYSE VLTO opened at $98.47 on Wednesday. The stock has a market capitalization of $24.38 billion, a PE ratio of 29.48, 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 fifty day moving average price of $100.16 and a two-hundred day moving average price of $104.62. Veralto Co. has a fifty-two week low of $85.91 and a fifty-two week high of $115.00.

Veralto (NYSE:VLTO) last posted its quarterly 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%. As a group, equities analysts predict that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm 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 currently 13.17%.

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.