Veralto Co. (NYSE:VLTO) Stock Holdings Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in Veralto Co. (NYSE:VLTO) by 11.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,284 shares of the company’s stock after buying an additional 658 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Veralto were worth $640,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Savant Capital LLC lifted its position in shares of Veralto by 0.5% in the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock worth $2,055,000 after buying an additional 98 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Veralto by 2.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock worth $431,000 after acquiring an additional 99 shares during the period. Allworth Financial LP increased its holdings in shares of Veralto by 19.4% in the 4th quarter. Allworth Financial LP now owns 622 shares of the company’s stock worth $64,000 after acquiring an additional 101 shares during the period. Insigneo Advisory Services LLC increased its holdings in shares of Veralto by 1.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock worth $645,000 after acquiring an additional 103 shares during the period. Finally, Quent Capital LLC increased its holdings in shares of Veralto by 17.3% in the 4th quarter. Quent Capital LLC now owns 699 shares of the company’s stock worth $71,000 after acquiring an additional 103 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Veralto Stock Up 0.5 %

Veralto stock opened at $98.42 on Tuesday. The stock has a market cap of $24.36 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 4.24 and a beta of 1.11. 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 company’s 50-day moving average price is $100.22 and its two-hundred day moving average price is $104.72. Veralto Co. has a 52 week low of $85.91 and a 52 week high of $115.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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%. On average, analysts expect that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm 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 $0.11 dividend. 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 payout ratio is currently 13.17%.

Insider Buying and Selling

In other news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 8,470 shares of the company’s stock, valued at $849,964.50. This trade represents 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 this link. Also, CEO Jennifer Honeycutt sold 10,414 shares of Veralto 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 transaction, the chief executive officer now directly owns 104,496 shares in the company, valued at approximately $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. 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 ninety days. 0.31% of the stock is currently owned by corporate insiders.

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.