Autumn Glory Partners LLC Reduces Stock Position in Veralto Co. (NYSE:VLTO)

Autumn Glory Partners LLC reduced its holdings in shares of Veralto Co. (NYSE:VLTO) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,144 shares of the company’s stock after selling 2,144 shares during the quarter. Autumn Glory Partners LLC’s holdings in Veralto were worth $218,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CWM LLC increased its holdings in Veralto by 5.9% during the 3rd quarter. CWM LLC now owns 6,138 shares of the company’s stock worth $687,000 after acquiring an additional 343 shares during the period. Creative Planning increased its holdings in Veralto by 2.9% during the 3rd quarter. Creative Planning now owns 26,186 shares of the company’s stock worth $2,929,000 after acquiring an additional 726 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Veralto by 112.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,278 shares of the company’s stock worth $6,183,000 after acquiring an additional 29,313 shares during the period. Addison Capital Co increased its holdings in Veralto by 67.2% during the 3rd quarter. Addison Capital Co now owns 15,120 shares of the company’s stock worth $1,691,000 after acquiring an additional 6,077 shares during the period. Finally, Blue Trust Inc. increased its holdings in Veralto by 17.4% during the 3rd quarter. Blue Trust Inc. now owns 2,220 shares of the company’s stock worth $248,000 after acquiring an additional 329 shares during the period. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Veralto

In other news, SVP Melissa Aquino sold 463 shares of the firm’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Veralto Price Performance

VLTO stock opened at $98.04 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.87 and a current ratio of 1.92. Veralto Co. has a 52 week low of $83.34 and a 52 week high of $115.00. The firm’s fifty day moving average is $102.37 and its 200 day moving average is $106.21. The firm has a market cap of $24.25 billion, a P/E ratio of 29.35, a P/E/G ratio of 4.21 and a beta of 1.06.

Veralto (NYSE:VLTO) last announced its quarterly 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%. Research analysts predict that Veralto Co. will post 3.63 earnings per share 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 given a dividend of $0.11 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.44 annualized dividend and a yield of 0.45%. This is a boost from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio is presently 13.17%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus decreased their target price 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. Jefferies Financial Group assumed coverage on shares of Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target on the stock. Royal Bank of Canada decreased their price target 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. Finally, Citigroup decreased their price target 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. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $112.55.

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.