Veralto Co. (NYSE:VLTO) Position Reduced by WR Wealth Planners LLC

WR Wealth Planners LLC cut its position in shares of Veralto Co. (NYSE:VLTO) by 10.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,471 shares of the company’s stock after selling 1,114 shares during the period. WR Wealth Planners LLC’s holdings in Veralto were worth $965,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VLTO. Ashton Thomas Securities LLC purchased a new stake in Veralto during the third quarter valued at about $25,000. BankPlus Trust Department acquired a new position in shares of Veralto in the 4th quarter valued at about $29,000. Albion Financial Group UT increased its holdings in shares of Veralto by 2,100.0% in the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after purchasing an additional 336 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Veralto in the 4th quarter valued at about $42,000. Finally, Raleigh Capital Management Inc. increased its holdings in shares of Veralto by 35.3% in the 4th quarter. Raleigh Capital Management Inc. now owns 418 shares of the company’s stock valued at $43,000 after purchasing an additional 109 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Veralto news, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the sale, the senior vice president now owns 20,761 shares of the company’s stock, valued at $2,067,795.60. This represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Honeycutt sold 10,414 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 $1,045,044.90. Following the sale, the chief executive officer now directly owns 104,496 shares of the company’s stock, valued at $10,486,173.60. The trade was a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,467 shares of company stock valued at $1,150,366 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

Veralto Trading Up 0.7 %

NYSE:VLTO opened at $99.83 on Friday. The stock’s 50 day moving average price is $101.12 and its 200 day moving average price is $105.70. Veralto Co. has a 52 week low of $85.70 and a 52 week high of $115.00. The company has a market capitalization of $24.71 billion, a P/E ratio of 29.89, a P/E/G ratio of 4.24 and a beta of 1.06. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

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

Veralto Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. This is a boost from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio is presently 13.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in 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 report on Monday, January 13th. Stifel Nicolaus dropped their target price on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group started coverage on Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Royal Bank of Canada dropped their target price on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Veralto has a consensus rating of “Hold” and a consensus price target of $112.55.

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.