Veralto Co. (NYSE:VLTO) Stock Holdings Reduced by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. lowered its position in Veralto Co. (NYSE:VLTO) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,176 shares of the company’s stock after selling 717 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Veralto were worth $731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in Veralto in the third quarter valued at about $25,000. BankPlus Trust Department acquired a new stake in shares of Veralto in the fourth quarter worth about $29,000. Albion Financial Group UT lifted its position in shares of Veralto by 2,100.0% in the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after buying an additional 336 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Veralto in the fourth quarter worth about $42,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of Veralto in the third quarter worth about $46,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of the company’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 value of $59,206.50. Following the completion of the transaction, the senior vice president now owns 8,470 shares of the company’s stock, valued at $849,964.50. This represents a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold a total of 11,467 shares of company stock valued at $1,150,366 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VLTO. Jefferies Financial Group began coverage on Veralto in a research report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target for the company. Royal Bank of Canada reduced their price target 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. Citigroup reduced their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Finally, Stifel Nicolaus cut their price objective on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $112.55.

Veralto Trading Up 0.7 %

Veralto stock opened at $99.83 on Friday. The business has a 50 day moving average price of $101.12 and a two-hundred day moving average price of $105.69. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The stock has a market cap of $24.71 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 4.24 and a beta of 1.06. Veralto Co. has a 12 month low of $85.70 and a 12 month 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, beating the consensus estimate 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 forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a $0.11 dividend. This is a boost from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date was Tuesday, December 31st. This represents a $0.44 annualized dividend and a yield of 0.44%. Veralto’s dividend payout ratio 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.