Machina Capital S.A.S. Sells 11,982 Shares of Veralto Co. (NYSE:VLTO)

Machina Capital S.A.S. reduced its position in Veralto Co. (NYSE:VLTO) by 62.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,116 shares of the company’s stock after selling 11,982 shares during the quarter. Machina Capital S.A.S.’s holdings in Veralto were worth $725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Savant Capital LLC raised its holdings in Veralto by 0.5% in the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock worth $2,055,000 after purchasing an additional 98 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Veralto by 2.6% in the third quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock worth $431,000 after purchasing an additional 99 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in Veralto by 1.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company’s stock worth $821,000 after purchasing an additional 100 shares in the last quarter. Allworth Financial LP raised its holdings in Veralto by 19.4% in the fourth quarter. Allworth Financial LP now owns 622 shares of the company’s stock worth $64,000 after purchasing an additional 101 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its holdings in Veralto by 1.8% in the third quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock worth $645,000 after purchasing an additional 103 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Price Performance

Shares of NYSE VLTO opened at $100.16 on Friday. The business’s 50 day moving average price is $100.69 and its 200 day moving average price is $105.34. The firm has a market cap of $24.79 billion, a P/E ratio of 29.99, a P/E/G ratio of 4.24 and a beta of 1.11. Veralto Co. has a 52 week low of $85.90 and a 52 week high of $115.00. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27.

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

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.44%. Veralto’s dividend payout ratio is presently 13.17%.

Analyst Ratings Changes

VLTO has been the topic of a number of research analyst reports. Royal Bank of Canada dropped their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus dropped their price target on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on Veralto in a research note on Thursday, December 12th. They set a “buy” rating and a $125.00 price target on the stock. Finally, Citigroup dropped their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Veralto has a consensus rating of “Hold” and a consensus target price of $112.55.

Insiders Place Their Bets

In other 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 transaction, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at $2,067,795.60. This represents a 2.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the chief executive officer now directly owns 104,496 shares of the company’s stock, valued at approximately $10,486,173.60. The trade was a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,467 shares of company stock worth $1,150,366. Corporate insiders own 0.31% of the company’s stock.

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.